Details have been released regarding how to apply for the Coronavirus Business Interruption Loan Scheme (CBILS)
Coronavirus Business Interruption Scheme (CBILS) Available to Smaller Businesses Across the UK
The Coronavirus Business Interruption Loan Scheme supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities. The scheme provides the lender with a government-backed guarantee, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.
Please click on the hyperlink :Full details on CBILS Available to Smaller Businesses Across the UK
If you require any assistance to write a crisis business plan for put together a cash flow forecast in support of your application, please contact us for complimentary advice.
- Up to £5m facility
- 80% government backed guarantee
- No guarantee fee for SMEs to access the scheme
- Finance terms up to six years for term loans and three years for overdrafts and invoice finance facilities
- The scheme may be used for unsecured lending for facilities of £250,000 and under.
CBILS FAQs for SMEs
For all the answers to your questions on what it is, how to access it, eligibility, fees, security, evidence needed, restrictions etc.
Please click on the hyperlink:British Business Bank CBILS FAQs for SMEs
CBILS SME Eligibility Check
To help you understand if you may be eligible to apply for a CBILS-backed facility, you need to be able to answer YES to a number of questions.
Please click on the hyperlink:CBILS SME Eligibility Check
CBILS How to Apply
Follow the step by step process on how a small business can apply for a CIBLS supported facility.
Please click on the hyperlink: CBILS How to Apply
