COVID-19 BUSINESS INTERRUPTION LOAN SCHEME ( CBILS)
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The Government has agreed terms with 40 accredited lenders (including the major clearing Banks), to guarantee up to 80% of loans needed to assist with the funding of UK Businesses as a consequence of COVID-19.
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All Businesses with a Turnover of less than £45 million qualify for the Loans.
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Loans up to a maximum of £5million.
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Maximum repayment terms 6 years.
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No arrangement fees.
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Interest free for the first year.
Action
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Contact your Bank to register your interest in applying for a loan.
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Prepare up to date Financial Information and 2/3 years forecasts. Contact us should you need assistance.