Mixed Messages on Business Confidence, Bank Referral Scheme, Commercial Mortgages - BFB Epsd 139
By Rob Warlow
In this Business Finance Bulletin, we look at the mixed messages coming out about business confidence amongst small business owners with a survey from the FSB which features both bad news and good news. Much has been made of the Bank Referral Scheme which will see banks referring businesses they can’t assist on to a panel of government-approved funding platforms. We look at how the scheme is taking shape. When you take a commercial mortgage from your bank you may think that’s it. However, following a call for help from a business owner, we share one thing you should watch out for if you unwittingly change the basis on which your commercial mortgage was agreed.