17 Sep 2020 | Category: Partner News

CBILS closes for applications on 30 September

Time is running out to take advantage of the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and receive a business loan with no upfront fee, no interest to pay for 12 months and no early repayment fees.

Man and Lady in front of whiteboard

CBILS is coming to an end on 30th September 2020 so make sure you don’t miss out.

The loan scheme provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.

CBILS has been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access the funding they need, so smaller businesses that would have previously met the requirements for a commercial facility but would not have been eligible for CBILS. Insufficient security is no longer a condition to access the scheme.

You can find our more and choose a lender here

CBILS is just one of a number of measures announced by the government.

You can find details of other financial support measures at the Business Gateway Growth Hub.

 

For more information, please contact: admin@llep.org.uk

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