Loan and Banking Support
For small business owners with turnover under £250,000, Barclays are waiving everyday banking fees and charges as well as any overdraft charges. This means over 650,000 of these individuals will benefit from free everyday banking and have no overdraft fees or interest to pay until the beginning of August.
Barclays have also announced that they will not require any personal guarantees on Coronavirus Business Interruption Loan Scheme loans, and are participating in the Corporate Commercial Finance Facility, administered by the Bank of England, helping the largest businesses to access the finance they need.
I have been assured that Barclays are working as hard as they can to introduce these new steps and make sure that everyone's individual queries are addressed, despite experiencing vastly increased levels of contact from customers, via telephone and online, and having fewer staff at work than usual.
An up-to-date summary of the measures being implemented by Barclays to help their customers, as well as contact information, is available in PDF format at the bottom of this page.
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