Banks not cooperating with corona-virus loan, complain small businesses

SME's are your customers
Banks have been asking small businesses either for personal guarantees to qualify for the government Corona-virus Business Interruption Loan or directing them towards standard loans with high interest rates.
Has your business and life been turned upside-down in the last few week as a result of no customers, no income, no clear signs when it will all end as a result of the lock-down?  Have you tried to get access to support from your bank to help you over the short term as a result of the crisis? Has your business had to fold or will it fold before a solution is found for corona-virus without some sort of financial cash injection?
The government have been quick to react to save jobs and prop up the economy and to try and ensure that there is some sort of future once this is all over, yes some small businesses will fall through the cracks and many may not survive.
Many small businesses don’t need huge bank loan or grants just enough to get them through the next few months, the government is now offering 100% guarantees for these loans and they will be paying the first 12 months interest – will the banks now step up and support the people that form the backbone of the UK economy?
Now would be a great time to pay back the big favour that helped many of the bankers stay in business during their big challenges over 10 years ago? They were not left without financial support as the government stepped in to save their businesses and the tax payers picked up the tab.
It’s now time for the BANKS to do the right thing for our small businesses.
If your bank is not offering support or help and advice during these difficult times complain to your MP and the banks as its the only way they can be held accountable for their actions.

Bill Fox

 Bill’s vision is to make Kent the best place in the World to run a business  A certified multi award winning International business coach and voted 1 of the top 10 SME business experts in the UK by Enterprise Nation  Founder of The KBA way system ™ for Business Improvement and Growth  Served as Branch and Regional Chairman with the FSB  Served as a National Councillor with FSB  A Kent Ambassador  Business Advisor at the University of Kent Hub for Innovation & Enterprise  Worked with Young Enterprise, Get Mentoring and IOEE Mentoring  Has supported hundreds of companies on all aspects of their business journeys EXPERIENCE: I started my business journey in September 2005 by becoming a certified business coach with the Worlds #1 business coaching firm. Since then I have helped hundreds of clients to achieved extraordinary results. I was trained by some of the best business coaches in the world during my induction in America where I studied and learned my trade. I am also a qualified emotional intelligence coach, again trained by one of the world’s leading emotional intelligence companies Roche Martin® MY BUSINESS: I started my business in 2005 having spent 30 years working for large blue-chip organisations where I gained a huge amount of experience running other people’s businesses, working with teams of people across multiple sites in Europe improving performance, Leadership & Management. I have a huge amount of experience that I can call on to help you and your organisation. TESTIMONIALS: Bill Fox helped get our business to where it is today. A happy, thriving, growing organisation. Bill and Kent BA provide practical and pragmatic assistance in terms of coaching and helping secure external funding. We recommend them strongly!" Data Management Company Bill has been an excellent coach, always supportive and encouraging. He has helped me think outside the box and explore options I hadn't even considered for my business. He tells it as it is and overall offers great support and advice for any new starter or an existing business in need of a boost. Thanks for all your help. Hand Made Furniture Company Bill is a great no nonsense guy that understands what it's like to run a business in the real world. You'll not get "fluffy" from Bill! You'll get great advice even if you don't want to admit it to yourself, he's invariably right! Damn it! He takes time to get to know you and your business and gives timely advice that you can grow & learn from. Thank you, Recruitment Company "Bill is thoughtful, considered and calm. He has a real-world experience and a measured approach. If you're looking for a supportive coach, Bill is your man." Community Volunteer Company Having been in business for over 20 years taking Bill on as my business coach was a difficult decision, working with Bill on my business for over 6 months now – I can certainly see the difference and wished I taken on a coach years ago. I’m working less and earning more and getting better results across the whole business." Blinds & Curtain manufacturer & Supplier

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