A Freedom of Information request to the British Business Bank by Purbeck Personal Guarantee Insurance, has revealed the current level of debt and arrears associated with the
Purbeck Personal Guarantee Insurance
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New figures published by Purbeck Personal Guarantee Insurance have revealed a 123% year on year increase in business loans secured with personal guarantee attached in the UK. The firm said that while working capital remains the prime reason for new funding with 28% of loans secured for this reason.
A Freedom of Information request to the British Business Bank by Purbeck Personal Guarantee Insurance, has revealed that one in ten firms who borrowed money under the Bounce Back Loan Scheme (BBLS) are in arrears by over ninety days, with £29.357 owed in total.