The big banks have announced they want to offer full support for small businesses during the crisis – each has set up dedicated advice services.
If you or your business has financial problems, the best advice is to contact your bank as early as possible – they are likely to be besieged with similar requests, so the earlier you speak to your bank the better.
Some banks are offering mortgage holidays, others may increase your overdraft facility or loan facility during this period. We would advise you to check the repayment and interest terms before entering into any such agreements.
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