COVID-19 – Business Loan Protection
With many businesses struggling through the current pandemic it is great to know that there are some options out there to help keep businesses afloat through the difficult times.
One of the solutions is the Coronavirus Business Interruption Loan Scheme, which enables SMEs to access loans of up to £5million to be repaid within 6 years and is available through 40 accredited lenders. However, it is important for business owners not to rush into any borrowing without making sure they have considered all options and fully understand the implications it may have in the future beyond the current pandemic.
If you have decided that the Business Interruption Scheme is the right road for you then it is important that you understand that if a business owner was to experience any critical illness or death during the repayment period then it could have serious implications for the business.
A loan protection policy can be put in place to ensure that there is a payout of the necessary funds to repay the loan if you were to experience such circumstances.
At C&C Healthcare we can provide the guidance and advice you need to help you make informed decisions about how you move forward in these difficult times and make sure you and your businesses are protected.
Our expert team can discuss your requirements to ensure you get the right protection in place to ensure your business doesn’t run into any further financial difficulties if the worst were to happen.
If you want more information on our loan protection policies please contact Lee Southwood on 07903 730024 or email email@example.com