CBILS FAQs – All you need to know
As we are all aware, the CBILS deadline has again been extended, with the deadline for applications now set at 31st March 2021. We are confident that we will continue to see high levels of applications, especially now we are in lockdown again and the economic outlook is even more uncertain.
Feedback from our clients evidences a large knowledge gap around the availability of CBILS funding and what the scheme can support.
With this in mind, we have compiled a list of FAQs to help provide SME business owners with a clearer picture so you don’t miss out on obtaining attractive and vital Government backed funding.
The high street banks continue to struggle to provide the level of SME funding required and UK business owners may find more suitable and accessible facilities through the alternative finance marketplace. As one of the largest independent finance brokerages in the UK, we have access to over 100 alternative lenders and can deliver SME solutions quickly and effectively.
Start your Coronavirus Business Interruption Loan Scheme application today
If you want to apply, or if you have further questions on your eligibility, then click here to apply or call one of our experts today on 0161 633 2548.
The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details on CBILS and the list of participating CBILS lenders can be found on the British Business Bank website at: www.british-business-bank.co.uk/CBILS