Business Continuity Plan
One Stop Business Finance – Business Continuity Plan
With the increased uncertainty around the impact of Coronavirus disease (COVID-19), One Stop Business Finance Limited (OSBF) wants to provide confidence to our clients, introducers and other stakeholders in respect of our Business Continuity Plan and our appetite for future lending whilst this uncertainty remains.
In respect of Business Continuity, we have provision in place for 100% of our staff to be fully operational from home should the need arise. All staff have full IT capability, with remote access to our servers and there will be no impact on our normal high levels of customer service.
We are encouraged by the fact that the Government has made some provision in The Budget to support businesses. However, we recognise that this may not be sufficient and that the impact of Coronavirus is likely to place extreme pressure on the cash flows of some businesses in the short term. In that respect it is business as usual at OSBF. We will continue to offer fully secured loans for up to 24 months, so long as they are both responsible and have a robust repayment route. We have had dialogue with our solicitors, Clarion and Gosschalks, and both have robust Business Continuity Plans in place to ensure that we can continue to complete transactions in days and not weeks or months.
Whilst other lenders turn their backs on the travel, logistics, freight, supply chain, food and hospitality sectors, we remain more than happy to support the right deals for SME businesses in these markets. If you have a short term cash flow requirement, or just want to get your “ducks in a row”, please do not hesitate to call your local Business Development Manager or ring the office on 01757 289885. Alternatively, check out our website at www.osbf.co.uk.