A Guide to Managing Business Debt from the British Business Bank
It’s fair to say that the last 20 months have been challenging for everyone across the UK, small businesses and business owners included.
The severe impact of the Covid-19 pandemic sent many businesses into survival mode, where the priority was finding ways to overcome the enforced closures, the lockdowns and the financial hardship that the spread of coronavirus brought. For some businesses, this remains a priority.
While it’s true that survival is still on some businesses’ minds, others have been able to recover and can now look positively towards the future.
This guide has been designed to provide impartial information to help businesses through survival and onto recovery, helping them stabilise and move forward to growth and future success, focusing on the following areas:
Understanding debt finance
Managing debt
Improving your cash flow
Moving from survival to recovery and growth
Resources for businesses worried about their debt