COVID-19: Organising your Business Finances

27th March 2020

 

Whilst the Government have announced a business finance support package, it is unlikely to be accessible for several days (the loans via the banks) or weeks (the grants via HMRC/Local Authorities). Not all businesses will meet the criteria for them anyway.  There is more to come from the Government, but in the meantime business owners need to act now, today.  When they are available, contact centres will be short on resources, as banks and local authorities are likely to be at lower staff levels, so the funds may not arrive quickly.

 

However, there are many things business owners can do to take the pressure off themselves.

 

Here are 4 ‘to do’ lists to take businesses step by step through what they can do in respect of their business finance and working capital, without being overwhelmed.

 

  1. COVID 1 Getting Organised

 

  1. COVID 2 Contacting your suppliers and lenders

 

  1. COVID 3 Knowing your numbers going forward

 

  1. COVID 4 Accessing finance

 



 
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