Why now is the time to educate SMEs about business protection

Helping SMEs to protect their debt

clock • 5 min read

Advisers should use govt. support schemes to explain business protection, writes L&G’s Richard Kateley

The government has provided an unprecedented financial support package to help small and medium-sized enterprises (SMEs) survive the impact of Covid-19 and keep their operations running. While this will certainly offer assistance in the short term, it's essential for advisers to help firms also understand the long-term risks of taking on debt and educate business owners on how these risks can be mitigated. In March, the government announced a range of measures to support businesses facing financial difficulties as a result of Covid-19. Two of the measures, the Coronavirus Business Interr...

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