South West firms receive £5.6bn in Govt. Covid loans

South West firms receive £5.6bn in Govt. Covid loans

South West firms receive £5.6bn in Govt. Covid loans

The Covid Pandemic has obviously hit a lot of firms in many different ways and not least in the South West of England. The BusinessLive website reports that more than 135000 South West Businesses have borrowed in excess of £5.6bn in Government Covid Loans.

The big worry is that they will have to pay this back, which leads to the bigger questions of whether these businesses can pay back those loans and whether they will be able to pay their other debts.

There is already a growing trend of late payment of business debts, which we hope will not get worse.

Did you know you don’t have to wait and wait for that late payment? Get in touch with Veritas Legal and we can help you recover that overdue debt with no cost to yourselves (all costs are paid by the debtor).

Please call: 01392 498686 or email: info@veritaslegal.co.uk

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