The Coronavirus Business Interruption Loan Scheme (CBILS) has been implemented to support long-term viable businesses who are looking to alleviate cashflow pressures through seeking finance. The finance will be provided by the British Business Bank through participating providers during the COVID-19 pandemic.
The CBILS supports a wide range of business finance products, including term facilities, overdrafts, invoice finance facilities and asset finance facilities. All loans will require cash flow forecasts and projections.
To assist clients with the process we have created a specific helpsheet detailing:
- The key features of CBILS
- How CBILS can be accessed
- The eligibility criteria of CBILS
- What information will be required from you
The helpsheet can be downloaded here: CBILS summary
We’re here to help
With all the legislative changes and updates over recent days in these ever changing and uncertain times, our teams are briefed and here to help you and your business.
Whilst our physical offices are closed following the ‘lock down’ advice, the team at NR Barton are working remotely from home. If you have any questions you should not hesitate to contact your engagement partner or manager who will be happy to assist; our contact details can be found here.
For anyone unsure of who to contact, we are still answering phones (01942 242245) and we are answering emails to firstname.lastname@example.org.
We’re here to help.
All the best
The NR Barton team
Want to read more of this?
With the fast changing environment of information and support, NR Barton have set up a dedicated mailing list where business owners and individuals get e-shots as soon as legislation has been digested. This is relevant and tailored to business owners.
To register click here: http://eepurl.com/gW1NnT
Alternatively read all our articles in our Covid-19 hub here: https://www.nrbarton.co.uk/news/blog/category/covid19/