Coronavirus (COVID-19)
Johnson Reed is open and working with lenders to provide financial support and solutions to businesses.
Johnson Reed will update businesses on any ongoing developments that may affect operations, finances, cashflow, employers or employees.
Recovery Loan Scheme vs. CBILS: What’s the difference?
On 3rd March 2021, Chancellor Rishi Sunak declared that the Coronavirus Business Interruption Loan Scheme (CBILS) would come to an end at the end of March, to be replaced with the Recovery Loan Scheme (RLS) from 6th April 2021, taking applications until 31st December...
The Budget: What it means for SMEs and what to do next
On Wednesday, 3rd March, Chancellor Rishi Sunak announced the Government's latest Budget, perhaps the most significant for businesses in recent times due to the events of the last 12 months. We're breaking down the key policies affecting British small and medium...
£14.4million financed in Loans and Asset Finance in 2020
Without doubt 2020 was the hardest year many of us experienced, personally and professionally our lives were put on hold and our businesses were closed down. Undoubtedly this put a hold to growth and development to many businesses. At Johnson Reed we have been working...
Supreme Court rules in favour of small businesses in FCA business interruption insurance case
The Supreme Court has rules in favour of SME business that have been shunned by insurance providers over business interruption insurance claims having been rejected last year. The Financial Conduct Authority (FCA) brought the case forward with the support of eight...
How to get Approved for Finance
Applying and then being rejected for equipment finance or loans for your business can be disappointing and frustrating, not to mention time consuming, even more so in the current climate. This is why we are encouraging our businesses to follow the correct process and...
Government announce grant up to £9,000 for businesses
Following the announcement of a third national lockdown at the start of January 2021, Chancellor Rishi Sunak has announced that businesses in the retail, hospitality and leisure sectors may be eligible for a one-off cash grant of up to £9,000. This follows the news...
Asset Finance has a big role to play in the future of UK SMEs
Small and medium enterprise (SME) businesses have faced their biggest ever challenge this year. With the online resources and depth of large business, there are ways in which asset finance can help them to continue to compete, both as asset vendors /suppliers and end...
Furlough: Your Questions Answered
The UK Government has provided the Coronavirus job Retention Scheme, with news of a second lockdown, this has been extended until April 2021. Here's an update for the scheme: The scheme has been extended until the end of April 2021, with employees receiving 80% of...
Government announce Winter Economy Plan
With the government loan schemes coming to an end at the end of September and the Coronavirus Job Retention scheme ending at the end of October, Chancellor Rishi Sunak has announced his 'Winter Economy Plan' for businesses and jobs. New measures have been announced...
Which sectors are most likely to be seeking finance?
With many businesses across different industries and sectors being adversely affected by Coronavirus, companies are still looking for support from the Coronavirus Business Interruption Loan Scheme (CBILS). With the British Business Bank declaring the deadline for the...
5 reasons why you should offer finance as a supplier
Being able to offer finance is essential for your business, as well as the businesses you are selling to, as there are various reasons why your customers will want and need to use an alternative to large payments, especially in the current situation. Take a look at...
How to manage your cash flow effectively
Managing cash flow is essential for any business, small or large, and more so now than ever, as it allows a company to keep trading and making money, without managing cash flow, companies could find themselves in debt rather quickly. By definition, cash flow is the...
How to prepare for v-shaped recovery
According to recent reports, such as those from Bank of England economist Andy Haldane, the UK could recover quicker than expected, with a v-shaped economic recovery. In a v-shaped economic recovery, the economy suffers a sharp, but short-lived period of economic...
How to maximise your return on a Government Bounce Back or CBILS Loan
If you have received a Government Bounce Back loan or Coronavirus Business Interruption Loan Scheme (CBILS) loan, schemes that were introduced to help smaller businesses impacted by Coronavirus (COVID-19), then there are important steps to follow in order to ensure...
5 tips to secure a CBILS Loan
The Coronavirus Business Interruption Loan Scheme (CBILS) was designed by the government to help support businesses who have suffered adversely as a result of the Coronavirus pandemic. Businesses can use the facility as a loan to support the business, for asset...
Government Fund Future Launched For Innovative Companies
The Government, alongside the British Business Bank, have launched the Future Fund for innovative companies with good potential, that typically rely on equity investment and are currently affected to receive loans equalling investments from private investors. This may...
What is the process for a CBILS Loan application?
In support of helping businesses that have been adversely effected during the pandemic, the Coronavirus Business Interruption Loan Scheme is available through Johnson Reed to for small businesses. Our team have been working with businesses to ensure the process is...
Don’t get pushed away business interruption insurance policies
The Coronavirus pandemic has caused economic uncertainty and strain on many businesses across various sectors, especially those who require customers to physically visit sites and healthy environments. The pandemic has prevented this from being possible and led to...
What is the criteria for a CBILS Loan?
The Coronavirus Business Interruption Loan Scheme is available through Johnson Reed to support small businesses through the pandemic. Our team have been working with businesses to ensure the process is smooth, helping businesses to secure essential funding to continue...
What information do you need for a CBILS Loan?
Johnson Reed now has access to the Coronavirus Business Interruption Loan Scheme (CBILS), enabling businesses that fit the criteria to apply for a government-backed loan to help support them through a difficult economic period. the loan is a available for an unknown...
Johnson Reed approved as CBILS Lending Partner
Johnson Reed has been accepted and approved by Accredited Coronavirus Business Interruption Loan Scheme (CBILS) Lenders as an Accredited Lending Partner, allowing businesses and suppliers the opportunity to apply for vital business finance. As an approved...
CBILS: The latest
Johnson Reed recently published a FAQs post on the Coronavirus Business Interruption Loan Scheme, click here to read. This post is, in addition to existing support, to further update clients on the status of the Scheme, and what it means for businesses, as well as how...
Coronavirus Business Interruption Loan Scheme (CBILS): FAQs
Many businesses have felt the effect of the Coronavirus pandemic. It has left many businesses questioning how companies will continue to operate. Concerns about VAT, rent, salaries and cash flow have been at the forefront of discussion. The UK Government recently...
Government Business Support – COVID-19
Amid the Coronavirus pandemic, there is an understandable amount of uncertainty concerning business. In particular, finance, cash flow, wages, VAT, business rates. As part of the commitment of the Johnson Reed commitment to helping support our businesses during this...
Chancellor Rishi Sunak gives his latest COVID-19 response
Chancellor Rishi Sunak gave his latest COVID-19 response yesterday with his first update since the budget. The first Government response since the Budget, with commitment to supporting small and medium businesses. He stated "I want to reassure every British citizen,...
A message from CEO Mark Johnson
Dear Suppliers, Customers, Businesses and Introducers I just wanted to give you an update as COVID-19 continues to develop. Regardless of our views of what policy makers should or shouldn’t do, as business owners we must continue to work through this challenging...
Press Release: Johnson Reed Coronavirus (COVID-19) Update
Johnson Reed is closely monitoring the developing situation with regards to the Coronavirus, and as such are making plans to ensure our staff prepared to continue working from home if necessary. The Company is regularly updating staff on the situation and on necessary...
The 2020 Budget: How It Affects Your Business
On Wednesday 11th March, Chancellor Rishi Sunak delivered his first Budget in his new role, announcing the government's tax and spending plans for the year ahead, following uncertain times due to the Coronavirus Disease (COVID-19). Before talking about what it means...
