Coping with COVID Debt; Asset Finance Deal Volumes; and CBILS Loan Update

Business Finance Bulletin

Over the last six months businesses have taken on significant amounts of debt. Opening the latest Business Finance Bulletin, we look at survey findings from the British Chambers of Commerce and TSB which reveal how businesses have used their CBILS cash and, more importantly, how they will cope with this new debt. Latest figures from the Finance & Leasing Association show that the number of new Asset Finance deals taken in July continues to be well below activity this time last year. However, there is a glimmer of hope with signs that perhaps businesses are beginning to re-invest. Wrapping up this edition, with the CBILS application deadline fast approaching, there is no slowdown in lenders continuing to shout out that they are very much open for business.