Coronavirus Business Interruption Loan Scheme (CBILS)
The Coronavirus Business Interruption Loan Scheme (CBILS) opens for applications today (23.3.20) and can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.
Delivered by the British Business Bank, through 40+ accredited lenders and partners, the Coronavirus Business Interruption Loan Scheme will support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak.
CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities and is just one of a number of measures announced by Government to support businesses through this period of disruption caused by COVID-19.
More information including eligibility and how to access the scheme is available by clicking on the “Read More” link below, alternatively the CBILS website is the best source of up to date information.
Remember Jerroms are here to support you through these uncertain times so if you have any questions relating to this or any other Covid-19 Government-backed business support scheme please get in touch.
There is a lot of information surrounding the CBILS so we would encourage you to take the time to review and download the following documents. If you have any questions or would like to discuss this further please get in touch with your usual Jerrroms contact in the first instance.