If you expect your cashflow to drop temporarily as a result of COVID-19 and you believe you will be unable to make your loan repayments, we’ll do our best to help you.
We have a number of possible solutions available to you depending on your circumstances, which include the following.
- 3 or 6 month capital & interest repayment holiday - interest will continue to accrue and will be charged to your loan account.
- 3 or 6 month capital repayment holiday on your loans greater than £25,000, therefore your business only pays the interest on your loans during this time.
- Rescheduling and extending your loan repayments for 3 or 6 months.
- Relaxation, amendment or waiver of covenants for the next 3 or 6 months if required.
Please note that the solutions are available for a maximum period of 6 months.
For more information contact your relationship manager or request a call back.
The earlier you get in touch, the easier it will be find the best solution for your business.