Supporting Business
Supporting Businesses
SFE members are taking extraordinary measures to support businesses in response to COVID-19. As well as providing their own support packages, our members are implementing government schemes to help businesses.
Please contact your own bank in the first instance to find out what support is available. Below you will find links to SFE banking members’ coronavirus information and a contact point.
UK Government schemes
- Coronavirus Business Interruption Loan Scheme (British Business Bank)
- Coronavirus Large Business Interruption Loan Scheme (British Business Bank)
- Bounce Back Loan Scheme (British Business Bank)
- Bounce Back Loan Scheme - Pay as You Grow (British Business Bank)
- Covid Corporate Financing Facility (Bank of England)
- Future Fund for innovative UK businesses (British Business Bank)
Banks have introduced a range of initiatives that go beyond the government schemes, including:
- Repayment holidays on existing loans
- Access to funding through pre-assessed lending limits so funds can be accessed quickly and easily
- Free banking for SMEs
- The removal of overdraft fees
- Support with working capital, liquidity, supply chains, and FX
- New or extended lending facilities
- Revolving credit arrangements, asset finance or trade loans to allow stock to be held for longer
Bank of Scotland
- Support for your business
- Coronavirus Business Interruption Loan Scheme
- Contact: neil.moore@lloydsbanking.com
Barclays
- Coronavirus – help and support for your business
- Coronavirus Bounce Back Loan Scheme
- Coronavirus Business Interruption Loan Scheme
- Contact: jamie.grant@barclays.com
Clydesdale Bank
- Coronavirus support
- Coronavirus Business Interruption Loan Scheme
- Contact: publicaffairs@virginmoneyukplc.com
HSBC
- Coronavirus financial guidance and support
- Coronavirus Business Interruption Loan Scheme
- Contact: laura.tobin@hsbc.com
Lloyds
- Coronavirus (COVID-19) – Support for your business
- Coronavirus Business Interruption Loan Scheme
- Contact: neil.moore@lloydsbanking.com
NatWest
- Helping your business through coronavirus
- Coronavirus Business Interruption Loan Scheme
- Contact: Malcolm.Buchanan@rbs.co.uk
Royal Bank of Scotland
- Help for your business through coronavirus with RBS Business
- Coronavirus Business Interruption Loan Scheme
- Contact: Malcolm.Buchanan@rbs.co.uk
Santander
Santander Business Banking
Santander Corporate and Commercial Banking
- Coronavirus – prepare and prevent for more peace of mind
- Coronavirus Business Interruption Loan Scheme
- Contact: PublicPolicy@santander.co.uk
TSB
Virgin Money
Scottish Government: Coronavirus advice for business in Scotland
Find out what support is available for your business here.
UK Government: financial support for businesses
Find out what support is available for your business here.
Read blogs from businesses which have received financial support here.