23rd March 2020
Apply for Coronavirus Business Interruption Loan Scheme (CBILS) – Coronavirus
1 min read
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.
Essex 01245 410201 | Suffolk 01473 360160 | Norfolk 01603 791256
“ Very Responsive and Helpful”
“ Carole and the team at MAD-HR helped us massively” Read the full review
The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact us.
There may be occasions where the articles contain links to external websites. We have no control over the nature, content and availability of those sites. The inclusion of such links does imply a recommendation or endorse the views expressed within them.
Document Request
CBILS Infographic & Eligibility Checker as at 23.03.20
To receive a copy of the CBILS Infographic & Eligibility Checker as at 23.03.20, please click the button below and fill in your details. We will then send a copy of the document to you by email.
Request Document
