COVID-19 BUSINESS INTERRUPTION LOAN SCHEME ( CBILS)

  • 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.

  • All Businesses with a Turnover of less than £45 million qualify for the Loans.

  • Loans up to a maximum of £5million.

  • Maximum repayment terms 6 years.

  • No arrangement fees.

  • Interest free for the first year.

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    Action

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  • Contact your Bank to register your interest in applying for a loan.

  • Prepare up to date Financial Information and 2/3 years forecasts. Contact us should you need assistance.