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Tide launches Government Support Eligibility Checker during COVID-19

Oliver Prill, CEO, Tide

UK-based business banking platform, Tide announced today the launch of its Coronavirus Government Support Eligibility Checker in a bid to provide SMEs with access to financial aid during the COVID-19 pandemic.

The Coronavirus Government Support Eligibility Checker will help SMEs to identify the financial help available to them and assist them in accessing the available support.

Recently, Tide’s new research revealed the financial health of the SMEs in the UK, amidst the COVID-19 crisis. The company surveyed 1000 SMB executives with 0-49 employees, out of which 75% said that they have been adversely affected by the pandemic and it might worsen throughout April.

Oliver Prill, Tide CEO said, “The COVID-19 crisis will have a severe and potentially long-term impact on the UK’s SME community, and so it is crucial that we do all we can to help as many small businesses weather this storm as possible.”

Tide states that the Eligibility Checker is available for free on its website and via the Federation of Small Business (FSB) ’s site.

Oliver added, “The UK government has announced a very generous package of measures to give financial support to SMEs, however, the distribution of these funds is unclear and is not happening quickly enough. Tide is dedicated to serving the SME sector, and so we hope the COVID-19 Business Support Finder will help business owners to get the help they need.”

Tide has also submitted an Expression of Interest to become accredited as a provider of the Coronavirus Business Interruption Loan Scheme to deliver cash directly to members and is still waiting to be invited to make an application.

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