Vale & West Chartered Accountants Blog

Category Archives:Loans

How to handle an overdrawn director’s loan account

As a director, have you ever considered taking a loan from your company?

If so, it’s important to be aware of the potential risks associated with an overdrawn director’s loan account (ODLA).

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33,000 new loans available for small businesses

An £884 million loan scheme for new businesses is to be expanded, it has been revealed.

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Loans to small businesses drop to lowest level on record

Banks have been accused of “pulling up the drawbridge” on lending to small businesses.

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Student loans: what is changing for graduates in April

Currently, the threshold for undergraduate loan repayments stands at £27,295 per year and will remain at this level from April 2022. As for post-graduate loans, the earning threshold will also remain the same, which is £21,000 per year. Read More

Did you use a Bounce Back Loan to cover personal expenses during the pandemic? Act now to avoid tax consequences

If you received a Bounce Back Loan (BBL) during the coronavirus pandemic and took the cash as drawings, there may be additional tax consequences.

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Start Up Loans helping rural and disadvantaged entrepreneurs access finance, data reveals

The Start Up Loans scheme has supported nearly 70,000 start ups and small businesses outside of London, new figures have revealed. Read More

Coronavirus loan schemes relieved cash flow concerns for “millions” of British businesses, latest figures reveal

Businesses borrowed almost £80 billion in emergency loans and finance facilities throughout the coronavirus pandemic, a major study has revealed.

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Recovery Loan Scheme now open for business, Government confirms

British businesses can now apply for affordable loans of between £1,000 and £10 million under the new Recovery Loan Scheme (RLS).

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Future Fund: Breakthrough to launch in summer 2021

The Future Fund: Breakthrough scheme, which is replacing the closed (to new applications) Future Fund scheme, will open in the UK around the start of summer.

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Budget 2021: what you need to know about the Recovery Loan Scheme

The Recovery Loan Scheme will help businesses restart and recover from the Covid-19 pandemic, the Government has announced. Read More

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