The Importance of Business Finance During the Coronavirus Pandemic and What Lies Ahead for Businesses

In recent months, the coronavirus pandemic has presented one of the biggest challenges that businesses have ever faced.
The impacts have been far-reaching and polarised; while the majority of businesses battle to manage cash flow after missing out on important revenue during lockdown, others have seen demand surge and have had to manage the operational challenges that brings.
The saviour for many businesses at this time has been accessing suitable forms of finance to ease cash flow while workplaces were closed, or contracts were delayed.
The Coronavirus Business Interruption Loan Scheme (CBILS) was launched by the government to support the continued provision of finance to smaller businesses (SMEs) during the Covid-19 outbreak and delivered by accredited delivery partners of the British Business Bank on a local level.
One of the first finance providers to go live with CBILS was BCRS Business Loans.
BCRS Business Loans is an alternative lender that supports West Midlands based businesse...