At 09:30 this morning (sorry, tight deadline), UK Finance is publishing SME finance data for Q3 2020.
In Q2 of last year, borrowing levels jumped as SMEs took out Government-backed loans and the third quarter is likely to see that trend continue.
Many businesses will have taken out loans last year to make up for lost revenue, others because money was cheap and they saw an opportunity to invest.
In your experience, what impact will the increased loan burden have on SMEs in the short- to medium-term? Will it restrict growth or potentially ignite it?
Should the Government bump back loan repayment dates until such a point that SMEs can genuinely afford to pay them back?