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

Ebay's UK chief: “There isn’t a playbook you can follow”

In Conversation with....eBay UK's general manager Murray Lambell, who tells MT how he's dealt with...

SMEs going for growth with £633m investment plans

SMEs are expecting to spend an average of £111k on growth strategies in the next...

“Experiencing maternity discrimination twice ignited the activist in me”

5 minutes with… Gemma McCall, CEO of discrimination reporting software Culture Shift

Considering an MBO? "Don’t underestimate how difficult it will be”

Two leaders who have run successful MBOs give their advice on how to get it...

Indra Nooyi

Indra Nooyi: “You’ve no business being a nasty CEO”

MT talks to Indra Nooyi, the former CEO of PepsiCo, about her new book, her...

Frustrated with your company...why not buy it?

Management buyouts are much more common than you might think and, if done properly, can...