Lockdown finance: Tips for talking to your bank & managing cash flow

Video: Funding Xchange's Katrin Herrling answers some common questions.

by Management Today
Last Updated: 18 May 2020

The unprecedented arrest in economic activity caused by the UK and worldwide lockdowns has placed extraordinary strains on businesses. For many, getting access to external finance is simply a matter of survival.

Yet while government programmes such as the Coronavirus Business Interruption Loans Scheme (CIBLS) are available, and while there has been no credit crunch as there was in 2008, not everyone has found the challenge of getting funding straightforward.

In this Leadership Lessons video, Katrin Herrling, CEO and co-founder of Funding Xchange, talks to Management Today editor Adam Gale about where to look for funds, how to manage cash flow and how to have difficult conversations with your bank or private investors.

Main image credit: Tolga Akmen/AFP/Getty Images

Panel headshots: Julian Dodd; Leo Wilkinson

Music clip: Bensounds.com

Tags:

Management Today recommends

How to lead through uncertainty

Read more

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Co-op’s ethical message creates a rod for its own back

The mutual presents an example of what happens when decision making comes counter to stated...

Ranked: Britain's most admired banks

This is the top ten in the banking sector as judged by their fiercest critics...

6 CEOs to follow for inspiration

In need of some motivation? Management Today’s panel of leaders has put forward the CEOs...

3 ways the pandemic proved me wrong about my leadership

Briefing: Brother UK’s MD Phil Jones discusses how the last year challenged him.

A one-minute guide to getting promoted while working from home

You can't always control the process, but there are things you can do to put...

The most important thing you need to do as a new boss

Executive briefing: Anglo American CEO Mark Cutifani talks cultural change.