CBILS is a new scheme that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities.
The scheme provides the lender with a government-backed guarantee potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.
Please see attached leaflet for an over view of how a small business applies for a CBILS – supported facility.
In first instance please contact your normal lender, if for any reason they are unable to assist there are alternative lenders that may be able to assist click here
Posted on: Monday 23rd March 2020