I have found that social media accounts are great for businesses to share ideas, network, help & support, offer services & create strategies & solutions & so it would be remiss of me not to share some information which I learned recently 
 
And this information will be of huge importance all sole traders, self employed, directors and shareholders, employers, SME's and PLC's .... who have received Covid related loans 
 
Did you know that over 2.29 MILLION Firms have now taken out these loans? 
 
A total of £75 BILLION of loans / "government support" (DEBT!) has been taken out by these Firms & Individuals over the last 18 months 
 
The Bounce Back Loans (BBL's) - on their own - account for £46 BILLION 
 
And these debts MUST be repaid, sooner or later, in accordance with the loan (DEBT) terms 
 
Why do I keep on using the word 'debt'? 
 
Because I have spoken with numerous company owners who took this 'free money' (" 'cos everyone was doing it so why not?, even my accountants said it was a good idea" !!) & the ease of receiving tens (and in some cases, hundreds) of thousands of pounds was too good to be true 
 
And these debts have been applied for, drawn down & even used without taking sound financial planning advice, and without taking the much needed repayment (during life, death and loss of capacity) 'safety nets' during the term. 
 
BEHIND EVERY BUSINESS IS A FAMILY. 
Have you, maybe inadvertently, now saddled your family and staff with your share of the 'free money' debt? 
 
Based on the conversations we have here at Business-Protection.co.uk, I bet that most of you have arranged the loans & NOT simultaneously arranged the cover to get these loans repaid if loss of capacity, ill health or death happens during the loan liability. 
 
The debt MUST be covered 
 
All of it 
 
The good news is that your CRUCIALLY IMPORTANT business protection plans should be very CHEAP and very QUICK to set up! 
 
These government support debts are only short term, and not usually as high as your personal mortgage, which means that the short term and low amount should not be expensive or time-consuming to implement 
 
Why Business-Protection.co.uk? 
 
* Backed by a long established financial advice company 
* a Team of specialist Advisers 
* NO FEES for our insurance services 
* ALL policies can be arranged in trust 
* ALL Trustees are provided with supporting advice at implementation 
* FREE BASIC WILL for all new Clients 
* and we are NOT salespeople. We are your Advisers. Many of our Clients have been with us for 20+ years, benefiting from our professional initial service and our ongoing review services too. 
 
protectmydebt@Business-Protection.co.uk 
 
Even if you don't contact us for this help and support, I hope that this message fulfils the opening paragraph where I have continued to share ideas, network, help and support, offer services and create strategies and solutions ... and raised the awareness amongst my 9,000+ connections. 
 
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H D Consultants. Contact details here Live Chat webpage here Broker Log In / BrokerCentre here 
 
Head Office address; 109 Maldon Road, Colchester, Essex CO3 3AX (Administration Centre only) 
 
Your home may be repossessed if you do not keep up repayments on your mortgage. 
 
We normally charge a Professional Client Fee for mortgage advice. The amount will depend on your circumstances. A typical fee would be £500. The actual Professional Fee may be more or less than this, and is subject to a full Fact Find discussion and research process. H D Consultants is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered Office: Preston House, 163 High Street, Crowthorne, Berkshire, RG45 7AF. Registered in England & Wales. Company Registration Number 4952586. This site is for UK Consumers only. Website Terms and Conditions click here for our Privacy Policy. GDPR Privacy Policy - click here (PDF download / view) This site contains third party links. By clicking these links you will depart from the H D Consultants' regulated site. H D Consultants accepts no responsibility for the content of these sites.. The Financial Conduct Authority does not regulate some of the services listed. H D Consultants, mortgage and life insurance advisers, is authorised by the FCA no 403701. Our in house Wills and Trusts Practice is a long standing Member of the Society of Will Writers and Estate Planning Practitioners.  
FP Ref: 1425988 / 28.01.2021 
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