The Coronavirus Business Interruption Loan Scheme opens for applications today
If you are a smaller business or a business advisor, please visit our CBILS for Businesses and Advisors page
If you are an accredited lender or a prospective lender for the scheme, please visit our CBILS for Accredited Lenders page
CBILS is a new scheme, announced by The Chancellor at Budget 2020, that 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.
CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance. The scheme provides the lender with a government-backed guarantee potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’. The borrower always remains 100% liable for the debt.
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