Watch the webinar: Meeting with banks and financial institutions (44:41)
Many businesses have been in touch since the COVID-19 outbreak to ask for guidance on the financial supports available to them. They also been asking for advice on managing cashflow and dealing with financial institutions during this unprecedented time.
We’ve published a new webinar with business liquidity expert Mairea Doyle Balfe to help businesses to rework cashflows and forecasts over the next few months, and to provide guidance of looking for support from banks.
Do you have questions about how to manage your cashflow and access financial supports during this time?
- What financial supports are available to my business?
- How do I decide what’s the best funding option for my business?
- How do I forecast my finances when there is significant uncertainty about when the industry will get back to normal?
- What do I need to prepare before you talk to the bank?
Topics & timings
00.00 – Introduction & meet the experts
04:03 – What is covered in the webinar
05:20 – Monthly cashflow projections – questions your bank may ask you
10:08 – Preparing a monthly cashflow and forecast for 2020
17:10 – Go to your bank prepared – know what to expect and what you are asking for
21:38 – Your options explained – debt moratorium / Overdraft / Short-term Loan
26:58 – SBCI Schemes – COVID-19 Load Scheme / SME Credit Guarantee Scheme
35:28 – Summary & next steps – what you should do now
37:33 – Q & A – live questions from webinar attendees
43:11 – Wrap-up & links to further supports