Our response to Covid-19

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Financial solutions to help you weather the storm

The Covid-19 pandemic couldn’t have come at a worse time for many businesses. For those already facing economic uncertainty, the lockdown has resulted in a serious threat caused by widespread closures and falling demand.

Businesses which are fighting to keep going, know that unlocking funding is vital. But for many business owners the thought of taking on more debt when the future is so uncertain is a serious concern.

Perhaps this is one reason why more businesses are investigating Invoice Finance as financing option which won't result in long-term debt.

Here we have a series of articles designed to support business owners who need to look beyond traditional financing providers:


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Our ongoing support for businesses during Covid-19

We recognise the significant impact Covid-19 is having on many businesses, and we’re here to help now and in the future.

We remain open for business, and globally our total funding capability exceeds1.3bn. As such, we have availability to support those businesses who have experienced cashflow pressure due to impacts to supply chains.

Should you require additionally funding, or support, please contact your BFS relationship manager who will be able to discuss this with you.

If you are not an existing BFS client but would like to speak with us about how we can support your business, complete an enquiry form we’ll be back in touch.

Send an enquiry

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Discuss your funding options with our experts through an online consultation

We can talk you through the best options to fund your growth ambitions or to secure your financial stability.

Simply book an online, individual consultation at a time that suits you and start the process today.

We can help you:

  • achieve financial security in conditions of high market volatility
  • increase sales without losing financial liquidity
  • secure financing for current operations
Book an online appointment

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Our commitment to clients

Our clients remain at the heart of what we do, and we remain committed to supporting them during this period and beyond. We are confident that the measures we have taken will not impact service levels, funding availability, cover, or points of contact where possible.

 

 

Read MD Mark O'Rourke Covid-19 Response

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Our preparedness

As an international business with more than 1,200 colleagues worldwide, and over 12,000 SME clients, we have an established Business Continuity Plan in place, which is owned and managed by our Global Risk Team.

This includes regular Business Continuity Planning (BCP) Committee meetings, made up of cross-functional representatives, responsible for developing and testing our issues and crisis response planning.


Measures we have taken

In response to COVID-19 we have implemented our Business Continuity Plan to ensure that we can mitigate risk in a responsible, measured and proportionate way. Initial measures we have taken include:

  • Establishment of a COVID-19 Taskforce, which is meeting regularly in order to manage our risk in a responsible, measured and proportionate way.
  • Issued guidance to all colleagues on following basic hygiene measures, and instructions on what to do should they feel unwell.
  • Implementation of remote working for all central support teams, and colleagues who are not required to be in one of our offices.
  • The requirement for those returning from high risk locations to notify line mangers and self-isolate for a period of fourteen days. Suspension of all non-essential business travel with immediate effect.
  • Cancelation of business events, non-essential face-to-face meetings and conferences until further notice. This excludes important client meetings and essential audits, which may be carried out over video conferencing platforms.

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Speak to one of our team today on 01-297-4911

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