Coronavirus Business Interruption Loan Scheme (CBILS)
HM Treasury has announced the Chancellor Rishi Sunak is taking further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies.
The Chancellor states:
The changes made are after criticism about how the banks were interpreting the scheme and the perceived lack of speed to get loans and overdrafts to businesses.
If you need help securing the finance to keep your business afloat please talk to us about the Government support available.