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Your FREE Guide to Lockdown Recovery

Getting ready for the “new” normal means planning and safeguarding your business post COVID-19.

This guide acts as a useful reminder of the key things that need to be in place if you are going to get your business functioning efficiently and effectively; look after your people and your customers; and move your business forward.

We are in very uncertain and challenging times, but Jerroms are here to help in any way we can – so please get in touch.

Coronavirus Loan Schemes Extended

The government’s three Coronavirus business interruption loan schemes – the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS) – and the Future Fund will be extended to 31 January 2021. Eligible businesses will be able to ‘top up’ existing Bounce Back Loans should they need additional finance.

To find out more, including eligibility click on the corresponding loan scheme

Coronavirus Business Interruption Loan Scheme (CBILS)

  • For smaller businesses with a turnover of less than £45m
  • Looking for up to £5m in finance
  • Business loans, overdrafts, invoice finance & asset finance available
  • First 12 months of interest and lender-levied fees covered
  • More than 90 accredited lenders
  • The Coronavirus Business Interruption Loan Scheme will be extended until 31 January 2021

Find out more

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

  • For larger businesses with a group turnover of more than £45m
  • Looking for up to £200m in finance
  • Business loans, overdrafts, invoice finance & asset finance available
  • Repayment terms of up to three years
  • Delivered by lenders accredited by the British Business Bank
  • The Coronavirus Large Business Interruption Loan Scheme will be extended until 31 January 2021

Find out more

Bounce Back Loan Scheme (BBLS)

  • For SMEs, micro businesses and other businesses requiring smaller loans
  • Looking for between £2,000 and £50,000
  • Term loan repaid over six years
  • No set-up fees and first 12 months of interest payments covered by government
  • No repayments during the first 12 months
  • The Bounce Back Loan Scheme will be extended until 31 January 2021

Find out more

Future Fund

  • Convertible loans from £250,000
  • From £125,000 to £5m in government support
  • Third-party investors must at least match government support, with no maximum investment limit
  • Companies need to have previously raised £250,000+ in equity investment
  • The Government has announced an extension to the Future Fund. The Future Fund will now close for new applications on 31 January 2021

Find out more

Get In Touch

Please get in touch if you want to talk more about how we can help you.
We offer an initial consultation free of charge which gives us the chance to meet and discuss your needs, with no obligation.

Corporate Finance in Solihull

Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH

0121 693 5000

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Jerroms is a trading style of Jerroms Business Solutions Limited 08923059, Jerroms (Bromsgrove) Limited 08433008 and Jerroms Corporate Finance Limited 12112183 . 
Registered office for each of these companies is: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH