Banks have been playing hardball with events businesses, but are they right when client objectives are certain to change? Martin Fullard talks to SXS Event’s Johnny Palmer.
Over the last few months, many event businesses have been sharing their frustrations that their banks have not provided them with one of the government’s Coronavirus Business Interruption Loans (CBIL). Anecdotally, it has sometimes come across that the banks don’t favour the odds that the events industry will return any time soon, and as such many businesses will not be around to pay any of the loan back, despite the 80% state guarantee…
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