Post by daveb4 on Mar 15, 2020 6:15:42 GMT
After being a business bank manager through 2008, I hope a number of our P2P businesses have or will pick up the phone to their banks to ask them how they can assist them. The vast majority of banks now have proactively been told to help whether it be extensions to overdrafts or funding. Some will be better than others obviously. From my friends still working with businesses, they are looking forward to being busy so they can hit their 'lending requirements'.
I just hope it works better than last time as in most cases then it was too late.
I appreciate this will not be applicable to all businesses in various ways BUT for the businesses we invest in, the platforms and ourselves anything can help.
I just hope it works better than last time as in most cases then it was too late.
I appreciate this will not be applicable to all businesses in various ways BUT for the businesses we invest in, the platforms and ourselves anything can help.
