Latest Finance Updates

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the latest news for cbils scheme is now available in this post - it - up
Good News For CBILS Scheme by HCP Finance
Eligibility for The Coronavirus Business Interruption Scheme (known as “CBILS”) became wider on 30 th July 2020. Previously it excluded any applicant deemed to be an “undertaking in difficulty” on 31 st December 2019. This expression comes from the EU where, broadly speaking, it refers to companies that have amassed losses greater than half their capital.
Asset Finance Solutions by HCP Finance
We will provide you a fast, competitive quote to lease any capital equipment necessary for the running of your business.
silhouettes of people walking in the dark on a foggy night with trees and street lights
The Rise Of The Zombies?
The Daily Telegraph recently featured an article on Zombie Firms. It quoted research by Bank Of America (www.bankofamerica.com), which revealed that the UK is now Europe's capital for Zombie businesses, because it had a third of the total number in the region.
the logo for the corporate finance and finance act, which is written in blue on a white background
The Corporate Insolvency & Governance Act 2020 came into force on 26th June2020.
There are helpful government factsheets: https://www.gov.uk/government/publications/corporate-insolvency-and-governance-bill-2020-factsheets - If you have any worries about it, you should speak to your legal advisers. Its overall purpose is to give “struggling businesses a formal breathing space to pursue a rescue plan.” This breathing space will last from 1 March to 30 September 2020. More info Link Below:
stacks of coins with the words increasing home prices above them and an arrow on top
Asset Finance Blog Post by HCP Finance
The CBI (Confederation of British Industry: www.cbi.org.uk) reported a record decline in manufacturing in their latest Industrial Trends Survey. It covered the last three months and records the steepest falls in productivity since their records began in 1975. The manufacturers who responded to the survey produced 74% less than they did during the first quarter of the year, ending in March. The biggest drops were in motor vehicles, transport equipment, mechanical engineering, and metal products
the big ben clock tower towering over the city of london on a partly cloudy day
Unlocking Britain Blog by HCP Finance Ltd
It’s really encouraging to see that new ways are being developed which will drive Britain forward after the Coronavirus crisis has started to ease. One of the prominent think-tanks, the Social Market Foundation (www.smf.co.uk), has produced a publication which highlights what they believe will be the most “transformative policies.” The report’s author is Bim Afolami MP and it reflects the work of the Unlock Britain Commission. Click on the Link below for more information.
Property Finance Options by HCP Finance Ltd
roperty finance takes so many forms. You may want to fulfil a long-term goal. You may want to buy your own business premises with a commercial mortgage which will make this happen or move into residential investment for the first time and buy a house that you will rent out to a single tenant. A buy-to-let mortgage will do that for you. HCP Finance is strongly committed to the property sector, which means it handles all kinds of investors and all kinds of projects in the market.
two people are looking at a loan application on a tablet with a cup of coffee
The Bounce Back Loans Scheme - update by HCP Finance
The Bounce Back Loans Scheme - update by HCP Finance. By the end of May 2020, the approval rate on the main government-supported Coronavirus loan schemes contrasted sharply. The Bounce Back Loans Scheme seemed to doing well. It is aimed at smaller businesses and is currently provided by a panel of 20 Lenders. You can borrow from £2,000, up to 25% of your turnover. The maximum you can borrow is £50,000. The average size of loan is £30,000, and the approval rate is 80%. Click on link for info..
a stack of coins with the word funding written on it sitting next to stacks of gold and silver coins
Future Funds - update by HCP Finance
It's great to see the government supporting start-ups during the Coronavirus Crisis with the Future Fund. Such companies will generally rely on equity investment, so the way the Fund works is it will match the amount invested by an investor or group of investors. The minimum loan amount is £125,000 and the maximum is £5,000,000, which means it will only support the larger innovative UK companies with ambitious growth strategies.
an apartment building with balconies and balcony railings
Code Of Conduct For Commercial Landlords - by HCP Finance Ltd
The Daily Telegraph has reported a code of conduct is being developed by the government to relieve the steadily deteriorating relationship between a growing number of commercial landlords and their tenants, who either cannot or will not pay rent. Its purpose is to establish rules that will assist both sides to resolve disputes that have escalated during the pandemic. Click on link Below for more information.
a man wearing a protective mask and holding a clipboard in front of his face
Property Inspections - by HCP Finance Ltd
Property inspections will start again following the government's decision to ease lockdown restrictions last week. This means valuations can be done, so the completion of Property Finance deals should be much more straightforward. As a Commercial Finance Broker, this is good news for Buy-to-Let, Commercial Mortgage and Bridging Finance transactions. They will go ahead more quickly, and any blockages in the new business process will be removed.
a man wearing a protective mask and holding a clipboard in front of his face
Property Inspections - by HCP Finance Ltd
Property inspections will start again following the government's decision to ease lockdown restrictions last week. This means valuations can be done, so the completion of Property Finance deals should be much more straightforward. As a Commercial Finance Broker, this is good news for Buy-to-Let, Commercial Mortgage and Bridging Finance transactions. They will go ahead more quickly, and any blockages in the new business process will be removed.
an invoice finance ad with glasses on it
Invoice Finance Options by HCP Finance Ltd
Invoice Financiers use unpaid invoices as security to provide funding to your business. The amount of the Funding is typically a percentage of your invoices` value, often 85% to 90%. It is paid to you quickly, usually within 24 hours. Invoice Finance has become popular in the UK, particularly in businesses with long cash collection cycles like construction, manufacturing and recruitment.
an invoice finance ad with glasses on it
Invoice Finance Options by HCP Finance Ltd
Invoice Financiers use unpaid invoices as security to provide funding to your business. The amount of the Funding is typically a percentage of your invoices` value, often 85% to 90%. It is paid to you quickly, usually within 24 hours. Invoice Finance has become popular in the UK, particularly in businesses with long cash collection cycles like construction, manufacturing and recruitment.
an invoice finance ad with glasses on it
Invoice Financiers use Unpaid Invoices as security for providing funding.
Approved businesses access a percentage of an invoice’s value, typically 85 or 90% and quickly; sometimes within 24 hours. The amount of funding given is based on the risk appetite of the Finance provider. Invoice Finance is growing in popularity among small and medium-sized enterprises in the UK, particularly those with long cash collection cycles like construction, manufacturing and recruitment.