(CBIL) CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME

CBILS APPLICATION DEADLINE

The Coronavirus Business Interruption Loan Scheme (CBILS) was introduced to provide financial support for SMEs across the UK through a government lending guarantee. CBILS lending solutions are designed to help businesses that are losing revenue and seeing their cash flow disrupted as a result of the coronavirus pandemic.

CALL US TODAY ON 0800 245 5054

You can apply for a loan if your business:

  • is based in the UK

  • has an annual turnover of up to £45 million

 

You need to show that your business:

  • would be viable were it not for the pandemic

  • has been adversely impacted by the coronavirus

If you want to borrow £30,000 or more, you also need to confirm that your business wasn’t classed as a business in difficulty on 31 December 2019.*

  • Loans between £50,001 and £500,000

  • Rates between 1.8%-7.4% APR*

  • No repayments for the first 12 months

  • The government covers the first 12 months of interest payments

  • No upfront or early settlement fees

  • No personal guarantee on loans up to £250,000

  • Decisions typically within 24 hours

Have you taken advantage of the scheme yet? Do you think finance could help you either now or in the future?

If so, it may be worth considering a CBILS loan. The CBIL scheme is designed to help businesses through the pandemic, which means it has better features than most normal loans. 

The Government pays the interest for the first 12 months of the loan, in addition to paying the upfront fee,

which means if you can pay the loan back in full within a year, it won’t have cost you a penny.

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Our trusted partner Ross Gandy, Director of Able Commercial Finance, will check your eligibility and help you through the application process.

CALL US TODAY ON 0800 245 5054

OR ENTER YOUR DETAILS TO RECEIVE MORE INFORMATION

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*information has been taken from the official GOV.UK website.

The Electric Board

Tel: 0800 245 5054

Email: info@theelectricboard.co.uk

 

Cross House, Westgate Road, Newcastle upon Tyne. NE1 4XX, United Kingdom
 

‘The Electric Board’ is a trading style of Informed Energy Ltd.

Company number: 11576492 

 

© 2020 by The Electric board

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