Close Menu
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing & Mental Health
  • Marketing
  • HR & Recruitment
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
X (Twitter) LinkedIn YouTube
Trending
  • Return fraud: what it is and how online retailers can protect themselves
  • UK Small Businesses Reveal Top 10 Strategies Driving Sustainable Growth
  • OneMetric forms strategic partnership with RevOps expert to drive UK growth
  • FX Brokers Pocketing Nearly £1,000 Per Transaction From SMEs, New Data Shows
  • The Seven Phases of Festive Shopping and How to Target within Each Effectively
  • Traditional banks are letting SMEs down – It’s time for alternative finance to step up
  • Law Firms – Are You Ready for Private Equity?
  • Why one simple metric can’t capture productivity
X (Twitter) LinkedIn YouTube
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing
  • Marketing
  • HR & Recruitment
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • Twitter
  • LinkedIn
  • YouTube
  • RSS
You are at:Home»Finance»Rob Straathof, CEO of Liberis, Comments on Chancellor Rishi Sunak’s announcement of new ‘pay-as-you-grow’ repayment terms for Bounce Bank loans.
Rob Straathof - Liberis

Rob Straathof, CEO of Liberis, Comments on Chancellor Rishi Sunak’s announcement of new ‘pay-as-you-grow’ repayment terms for Bounce Bank loans.

0
Posted By sme-admin on February 16, 2021 Finance

Commenting on Chancellor Rishi Sunak’s announcement of new ‘pay-as-you-grow’ repayment terms for Bounce Bank loans scheme, Rob Straathof, CEO of embedded business finance platform Liberis, stated:

“We support Chancellor Sunak’s move towards providing SMEs with more flexible loan repayment terms for the Bounce Back loans scheme. This move will surely be received positively by those SMEs struggling to start repayment whilst the UK economy remains in lockdown.

While this is a welcome announcement, the Chancellor should consider further support for SMEs with flexible payments based on SME revenues. Based on Liberis’ data over more than a decade providing SME financing solutions, we know that revenue-based repayment can reduce default expectation by half.

Revenue-based repayment for business loans and financing is loved by small businesses. Revenue-based financing offers businesses payment terms that align with their fluctuating or seasonal revenues.

We recognise that flexible repayment will only matter for some loans. It won’t make much of a difference to the high amount of fraudulent Bounce Back loans taken out, which the National Audit Office in October estimated could be as high as 25-40% of £45bn in loans provided.

The next question is whether banks, who have dished out 99% of Bounce Back loans, have the capability and resources to implement such a repayment scheme.

Liberis offers UK banks help to support their SME customers through our embedded business finance platform which empowers daily payments linked to cash flow automatically based on a small fixed percentage. The Liberis technology platform can support banks and other partners by providing them with an automated platform that can embed revenue-based payments into their offering.

Chancellor Sunak’s move should be welcomed for the UK economy, SMEs and banks. Customers win as they don’t have to worry about bulky monthly repayments. Banks win by being able to recover the loans they backed. The UK economy wins as we lower the cost of default and help more SMEs survive.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Return fraud: what it is and how online retailers can protect themselves

FX Brokers Pocketing Nearly £1,000 Per Transaction From SMEs, New Data Shows

Traditional banks are letting SMEs down – It’s time for alternative finance to step up

Comments are closed.

Follow SME Today on Linkedin and share all the topics you find interesting

The Newsletter

Join our mailing list for the best SME stories, handpicked and delivered direct to your inbox every two weeks!

Sign Up
Personal Pension offer
Events Calendar
    • Marketing
    August 29, 2025

    OneMetric forms strategic partnership with RevOps expert to drive UK growth

    August 28, 2025

    The Seven Phases of Festive Shopping and How to Target within Each Effectively

    • Finance
    August 29, 2025

    Return fraud: what it is and how online retailers can protect themselves

    August 28, 2025

    FX Brokers Pocketing Nearly £1,000 Per Transaction From SMEs, New Data Shows

    • People
    August 14, 2025

    A Life Worth Saving – A Tribute to Dame Stephanie Shirley CH, 1933–2025

    August 12, 2025

    Finance Director Returns As Judge For National Business Awards

    • Health & Safety
    July 1, 2025

    Temperatures Soaring: Is Your Workplace Becoming Unsafe?

    January 29, 2025

    UK takeaways guilty of shocking hygiene failures:

    • Events
    July 22, 2025

    South West Expo Delivers Outstanding Event at Swindon’s STEAM Museum

    July 4, 2025

    £20k grant for female-founded SME up for grabs

    • Community
    July 11, 2025

    Building community, one cause at a time

    June 23, 2025

    Celebrating One Year In Fairford Supporting The Community

    • Food & Drink
    August 22, 2025

    How to get stocked by major retailers as an SME

    July 18, 2025

    Warning to Small Businesses Over New Food Waste Regulations

    • Books
    August 7, 2025

    Learning to Leave a Legacy in Business

    April 24, 2025

    Values-Driven Professionalism: A Path to Client Loyalty

    About

    SME Today is published by the same team who deliver The Great British Expos’. We have been organising various corporate events for the last 10 years, with a strong track record of producing well managed and attended business events across the UK.

    Join Our Mailing List

    Receive the latest news and updates from SMEToday.
    Read our Latest Newsletter:


    Sign Up
    X (Twitter) YouTube LinkedIn
    Categories
    • Books
    • Community & Charity
    • Education and Training
    • Environment
    • Events
    • Features
    • Finance
    • Food and Drink
    • Health & Safety
    • HR & Recruitment
    • In Profile
    • Legal
    • Marketing
    • News
    • People
    • Property & Development
    • Sponsored Content
    • Technology
    • Transport & Tourism
    • Wellbeing & Mental Health
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Editorial Submission Guidelines
    • Privacy
    • Contact
    Copyright © 2025 SME Today.
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Editorial Submission Guidelines
    • Privacy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.