The Coronavirus Business Interruption Loan Scheme (CBILS) opened for applications on Monday and supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities and can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.
We got the attached guidance from the British Business Bank which is very helpful.
The CBILS website is the best source of up to date information but for your ease of reference I am attaching the following documents which contain all the key details:
- FAQs for SMEs
- Eligibility Checker
- CBILS infographic
British-Business-Bank-CBILS-FAQs-for-SMEs-FINAL 23032020 CBILS Available to Smaller Businesses Across the UK FINAL CBILS-SME-Eligibility-Check-FINAL CBILS-infographic-14_FINAL
