There are many questions being asked about the Coronavirus Business Interruption Loan Scheme (CBILS), so in order to help provide answers to those frequently asked questions, we have created an FAQ document to answer some of the most pressing queries being raised during the Coronavirus crisis.
Please note, this document will be updated as and when new questions arise.
Please download the latest version here.
If you would like more information, then call one of our business finance experts now on 0161 633 2548 or email info@pmdbusinessfinance.co.uk.
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