Coronavirus Business Interruption Loan (CBILS)

This Government backed scheme is now open – Do you qualify?

 

The Government is now expecting over 90% of UK businesses to be adversely affected by the current COVID-19 pandemic and has instructed banks and primary lenders to make available funding of up to £5m per company.

The speed and timing of the recent announcements and the qualifying criteria have caused confusion, we feel that we are ideally placed to offer free Independent Financial Advice to try and clarify your situation and help you achieve your borrowing needs.

The main criteria of the scheme are:

A maximum loan of £5 Million. Ltd Companies with a annual turnover of below £45m can qualify for a maximum loan of £5m over a 6 year maximum term.

80% Government Guarantee. Up to 80% of the loan amount will be backed by a Government Guarantee to reduce the overall risk to the lender and to encourage lending.  

Fee Free: The borrowing is designed to be free of any fees for the borrower. The Government will provide a payment to cover the first 12 months of interest charged and any fees imposed by the lender.

Unsecured Borrowing: Up to £250,000 can be borrowed on an unsecured basis once the lender is satisfied that the borrower cannot access and secure alternative funding using regular commercial routes.

If you do not qualify for the above scheme we are also able to provide advice on the following:

  • Unsecured/Secured Business Loans
  • Invoice Finance
  • Asset Finance
  • Consolidation Loans
  • Business Overdraft Facilities
  • Merchant Cash Advances
  • Specialist Furlough Finance


apply

CBILS (Coronavirus Business Interruption Loan)
CBILS (Coronavirus Business Interruption Loan)
https://government-grants.co.uk/cbils-loan
CBILS (Coronavirus Business Interruption Loan)
Coronavirus Business Interruption Loan (CBILS) This Government backed scheme is now open – Do you qualify?   The Government is now expecting over 90% of UK businesses to be adversely affected by the current COVID-19 pandemic and has instructed banks and primary lenders to make available funding of up to £5m per company. The speed and timing of the recent announcements and the qualifying criteria have caused confusion, we feel that we are ideally placed to offer free Independent Financial Advice to try and clarify your situation and help you achieve your borrowing needs. The main criteria of the scheme are: A maximum loan of £5 Million. Ltd Companies with a annual turnover of below £45m can qualify for a maximum loan of £5m over a 6 year maximum term. 80% Government Guarantee. Up to 80% of the loan amount will be backed by a Government Guarantee to reduce the overall risk to the lender and to encourage lending.   Fee Free: The borrowing is designed to be free of any fees for the borrower. The Government will provide a payment to cover the first 12 months of interest charged and any fees imposed by the lender. Unsecured Borrowing: Up to £250,000 can be borrowed on an unsecured basis once the lender is satisfied that the borrower cannot access and secure alternative funding using regular commercial routes. If you do not qualify for the above scheme we are also able to provide advice on the following: Unsecured/Secured Business Loans Invoice Finance Asset Finance Consolidation Loans Business Overdraft Facilities Merchant Cash Advances Specialist Furlough Finance
2020-04-03 09:08:55
2020-04-03 09:21:43
Government Grants