Changes To CBILS Eligibility Criteria

There have been significant changes to the eligibility criteria for businesses applying for the Government backed Coronavirus Business Interruption Loan Scheme (CBILS). Lenders will be banned from requesting personal guarantees on loans under £250,000. For loans over £250,000 personal guarantees will be limited to 20% of any amount outstanding on the CBILS lending after any […]

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CBILS and BBLS update

If you already have a BBLS loan, you can now also apply for CBILS through Acorn. If you have a BBLS loan already but have found you require more capital than previously anticipated, its now possible to refinance your Bounce Back Loan into a CBIL. Businesses are not able to have both a BBLS and […]

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Acquisitions in Dental Market Slowing Due to COVID-19

Average dental practice prices jumped 5.4% in 2019 Larger practices operating in the private sector grew at a faster rate in 2019 than their NHS counterparts. With the effect of Covid-19 hitting the independent practices hard, we have seen acquisitiveness wain and a retraction of pricing in the short term. The dental sector was growing […]

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FREE Coronavirus Business Interruption Loan Scheme (CBILS) Webinar

We’re pleased to invite you all to our FREE Coronavirus Business Interruption Loan Scheme (CBILS) webinar. On the webinar we’ll: – Take you through all aspects of the scheme. – Answer any questions you may have. – Show you how to give yourself the best chance of a CBILS acceptance.   You can join by […]

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Coronavirus Bounce Back Loan Scheme

Bounce Back Loan Scheme *Updated on May 5th 2020* Following the announcement from the government of a new fast track finance scheme for small businesses, we wanted to provide a quick summary of what we know so far about the ‘Bounce Back Loan Scheme’. The new scheme is designed to help small businesses suffering from […]

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Support for Barristers During COVID-19

How you can shore up cash flow during the outbreak Following the government’s announcement of support for the self-employed you may find that, as a barrister, you would not be eligible for the support measures as set out for sole-traders. The government has pledged to support the self-employed with grants of up to 80% of […]

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Acorn confirmed as an approved CBILS distributor

We are delighted to announce that one of our key funding partners has just been approved for CBILS (Coronavirus Business Interruption Loan Scheme) by The British Business Bank – as a result Acorn have been chosen as one of the approved distributors on their behalf. Superb news for our clients and introducers due to the […]

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Furlough Funding

How to fund the short term effects of furloughing staff With the government announcement that they’ll cover up to 80% of furloughed staff salaries, your business may be able to make use of the Coronavirus Job Retention Scheme. But how will you fund the short-term effects of furloughing staff while you wait for Government funds? […]

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COVID-19 – Acorn update

With so much change happening at the moment, we wanted to provide a brief update on Acorn, how we are adapting to the changes, what we have been focusing on and what we are shifting our focus to, moving forward. Funding arrangements For the past 3 weeks we’ve been helping clients achieve repayment holidays with […]

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Coronavirus Business Interruption Loan Scheme (CBILS) FAQs

What is CBILS? The CBILS scheme is a temporary replacement for the EFG loan scheme. It will provide funds for businesses experiencing lost revenue and cash flow disruption due to the COVID-19 crisis. When can I access the scheme? As of Monday 23/03/2020 the scheme is open and will run for 6 months. How does […]

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