Businesses all over the globe are bearing the brunt of the collapse of economic activity as we all grapple with the impact of the coronavirus pandemic. You might be one of the many businesses who have temporarily closed because of the coronavirus lockdown. Or you might be soldiering on with substantially lower turnover.

Like us, you’ll be keeping track of the various measures that the UK government is introducing to support businesses like you (and sole traders) who are now facing uncertainty around what comes next. We welcome the Chancellor’s latest announcement that he would extend lending to companies through the three coronavirus emergency loan schemes and the Future Fund until the end of March 2021. This means that you can still apply for the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS), the Bounce Back Loan Scheme (BBLS) and the Future Fund.

You might be wondering how you can take advantage of the various cash grants, business rates holidays and other HMRC initiatives. Or you might have questions about the “furlough scheme”. Helping you navigate the funding landscape to match you with funding and savings is what Swoop does every day. Thankfully this puts us in the best position possible to help you at this difficult time.

We’ll keep this page updated at all times to ensure you have access to all the information and insights you need, without drowning you in jargon and detail.

We’ve split our COVID-19 guidance into three main sections below.

A summary of the government-backed support for businesses impacted by coronavirus

Swoops’s ten steps to improving your cash flow and working capital immediately

Frequently-asked questions about the COVID-19 government-backed support for businesses

There is a lot of information in the three sections above. So to be clear, here’s how we’ll help:

We can identify and match you with funding and savings options now, based on your specific circumstances.
We’re here to provide guidance, and our services are free of charge.
We can identify other ways to cushion your cash flow.
We can help you make immediate savings on your everyday spend.
We can help you to access the CBILS and other support for which you are eligible.

The most important thing you can do now is to register for your free account with us. But we’re human too, and we’re here to speak to our customers – both existing and new – and provide straight-talking information and options.