Will the National Loan Guarantee Scheme help contractors?
The National Loan Guarantee Scheme may be just the thing to help small businesses access cheaper finance and create more opportunities for umbrella company contractors.
The National Loan Guarantee Scheme may be just the thing to help small businesses access cheaper finance and create more opportunities for umbrella company contractors.
The UK’s banks claim they are will meet their Project Merlin lending targets for this year but small businesses, including some umbrella companies, are disputing the claim saying it is becoming harder and costing more to get a loan.
Despite all the publicity surrounding Project Merlin, umbrella company contractors might be surprised to learn that a large proportion of businesses in the UK are unaware of its existence.
The FSB claims that small businesses cannot start-up and grow with the present lending targets set by the government.
The government is planning to accredit more lenders to offer loans to SMEs under the Enterprise Finance Guarantee scheme.
New research from Aviva shows that around 10% of small firms in the UK are worried they might have to close this year if trading conditions do not improve.
The small business sector is crucial to EU growth, according to Helena Walsh, the Brussels regional director for Cicero Consulting.
As budget day looms ever closer, various organisations have been urging the government to create an environment that supports entrepreneurs, small businesses and umbrella company contractors.