How to apply for the Coronavirus Business Interruption Loan Scheme (CBILS)
Announced by the Chancellor at Budget 2020, the Coronavirus Business Interruption Loan (CBILS) scheme opens for applications today 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 (CBILS) Scheme will support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak.
Although the Budget announced that an initial £1.2bn of government-backed lending would be available through the new scheme, the government has since announced that it will be demand-led and will be resourced accordingly.
If you have any immediate or urgent issues get in touch with us to discuss your options in these tough and uncertain times.
CBILS Infographic & Eligibility Checker as at 23.03.20
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