18 Dec Business Interruption Loan Scheme
Posted at 10:45h
in Coronavirus
117 lenders have now signed up for the scheme.
The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus (COVID-19).
The scheme helps small and medium-sized businesses to access loans and other kinds of finance up to £5 million. The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months. The scheme is open until 31 January 2021.
See here for further details.