Small businesses are struggling to access essential funding through a Government-backed loan scheme because lenders are blocking their applications. The Government-sponsored bounce back loans scheme was supposed to be a lifeline for businesses struggling to make it through the coronavirus pandemic, but reports suggest that many are struggling to get their hands on essential cash.
What is the biggest barrier to starting a new business? A lot of entrepreneurs - and people that almost became entrepreneurs will tell you that it is finding funding.
The Government offers a range of loans, services and tools to help small businesses grow and improve productivity.
If you have just set up a new business, or are looking at ways to expand, then Government support is often the best (and cheapest) way to realise your goals.
In this blog post, we look at some of the schemes that can help small businesses achieve specific targets.