Coronavirus Business Interruption Loan Scheme
Support For Your Business Through the Crisis
The British Business Bank has put together a scheme to assist small businesses suffering from cashflow disruptions due to lost or deferred revenues arising from the Covid-19 crisis. CBILS supports a wide range of funding facilities including asset finance facilities, term loans and invoice finance.
Lenders are provided with a government backed guarantee for 80% of the loan, which has opened the facilities to a wide range of SMEs. The first 12 months of the loan are interest free, as the government will pay for this during this period. The scheme went live on Monday 23rd March 2020 to initially run for six months. Liquid Corporate Finance can assist your business in accessing this facility.
Today, the Chancellor of the Exchequer has extended the government's three CBILS application deadline date to 31st March 2021. This further allows businesses to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS) and Bounce Back Loan Scheme top-ups.
Call Liquid Corporate Finance, in the first instance, on 0333 772 1782 if you would like to learn more about equipment finance, secured loans or CBILS. We will discuss your requirements and will then approach our panel of accredited CBILS lenders with your proposal.
If the accredited lender is able to offer finance on normal commercial terms without the need to make use of the CBILS scheme, they will do so. Businesses from most sectors can apply. However, exceptions may apply