One of the key pillars of the government’s support for businesses throughout the Coronavirus pandemic is the Coronavirus Business Interruption Loan Scheme (CBILS).
The scheme provides financial support to smaller businesses (SMEs) across the UK that are losing revenue or having problems with their cashflow as a result of the Coronavirus outbreak. More than 40 banks and financial institutions will lend the money which is partially guaranteed by the UK Government.
In this four part video series, Alistair Scott-Somers, Director at Progeny, talks you through the eligibility criteria, how much you can borrow and how to make an application for a Coronavirus Business Interruption Loan.
