The past few months have been tough for many SMEs, but thankfully there is help available. Many of our customers are benefiting from the government’s Coronavirus Business Interruption Loan Scheme (CBILS) which provides 80% government guaranteed loans up to £750,000, with 12 months interest free. The CBILS commercial loans and some asset finance packages also benefit from a 12 month payment holiday, helping to ease businesses cash-flow.
Time for considering and approving loans has now been extended to 30th November but the final deadline for submitting CBILS applications is only a few weeks away – 30th September.
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