Tag Archives: Coronavirus

Coronavirus Business Interruption Loan Scheme CBILS FAQs for SMEs

Coronavirus Business Interruption Loan Scheme

What is the Coronavirus Business Interruption Loan Scheme (CBILS)? Firstly CBILS is a new scheme that can provide facilities of up to £5m for smaller businesses across the UK. It is for businesses who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. CBILS supports a wide range of business finance products, […]

Coronavirus Business Loan

Coronavirus Loan

CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME IMPORTANT UPDATE: At Budget 2020, the Chancellor announced that a ‘Coronavirus Business Interruption Loan Scheme’ (CBILS) will temporarily replace the Enterprise Finance Guarantee (EFG), becoming available over the coming weeks. It will operate in a similar way to EFG and be provided by the British Business Bank, but will offer […]

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