CBILS FAQs – All you need to know
As we are all aware, the CBILS deadline has again had an extension. The deadline for applications now set at 31st March 2021. We’re confident that we will continue to see high levels of applications. Especially now we’re 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. With this in mind, we’ve compiled a list of CBILS FAQs to provide SME business owners with a clearer picture. This means that you don’t miss out on obtaining attractive and vital Government backed funding. Especially in such turbulent times.
The high street banks continue to struggle to provide the level of SME funding required. Meanwhile,;/ 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. This allows us to 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
Since starting in 2010, PMD has grown significantly and is now lending over £150m each year to UK businesses. The company operates, both directly with clients and through suppliers of business assets. Our team consists of dynamic personnel with experience help to support the growth of the business. Additionally, this ensures we continue to offer the highest levels of service and flexibility. Retention is our primary objective; with many clients confident in allowing PMD to source and manage all their business finance needs. When clients have any queries relating to finance, they will know PMD appreciate the importance and fast paced nature of their business and will offer the right advice, first time.
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