Banks Reopen for New Business

Great News! All the main banks appear to be open again to look at new deals for non-customers. It has been very difficult to get competitive tendering for deals, as Banks were reluctant to look at New Customers because of Covid 19. They were so busy looking after existing customers they didn’t have time. Well […]

Uncertain Times

Whilst a lot of farm businesses can carry on as normal, speaking to local Agricultural Bank Managers, they tell me that the most adversely affected part of farming are diversified businesses. Campsites, commercial lets, wedding venues and holiday lettings seem to be regularly mentioned. We are seeing some new ventures put on hold and this […]

Covid 19 and Banks

All of you will have read the press recently with great interest around the support that was promised by British Banks for businesses struggling with adverse conditions. I have recently spoken to many local agricultural managers to see what issues they are facing. Workloads are much higher than normal and in the agricultural sector it […]

Finances and COVID-19

Whilst most of you will continue your farming business, the world is going through the most unusual crisis in modern peace time history. I have been advised that most banks offer the Coronavirus Business Interruption Loan Scheme which has been agreed with the Government.  The loans appear to be interest free for one year, and […]