Update: On the 17th December the Government announced that the Coronavirus Business Interruption Loan Scheme (CBILS) will now be extended until 31 March 2021.
The deadline for the government backed loan schemes such as Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS) is fast approaching. Applications for these loans closes on 31 January 2021, although some lenders may shut their doors sooner.
We have put together an information sheet so you have all you need to know about CBILS in one place. It includes:
- The benefits of CBILS
- Types of funding available
- Eligibility criteria for businesses
- Minimum required information & documentation
Download CBILS Information sheet
We know that lenders are taking some time to approve applications now, so please get in touch as soon as possible if you would like to discuss the possibility of a new CBILS facility being approved. We can test the market without any commitment from you.
Should you also need help understanding your cashflow, support in applying for funding or you are unsure whether a CBILS is right for you, then please do get in touch.