Coronavirus Business Interruption Loan Scheme

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Pay as You Grow

25th September 2020
In anticipation of further cashflow difficulties, Rishi Sunak has tinkered with various loan schemes to allow for more time and greater flexibility in repayment. It has been announced today that the application deadline for all four major COVID loan schemes (Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme, Coronavirus Large Business Interruption Loan Scheme...

Bounce Back Loan Scheme

30th April 2020
As part of Rishi Sunak’s promise to make loan funds accessible to struggling businesses, the Bounce Back Loan Scheme was introduced by the government on Monday 27 April. The scheme launches on 4 May 2020. This scheme offers loan funds of £2,000 to £50,000 over periods up to 6 years. These loans will cover 25...

The Coronavirus Business Interruption Loan Scheme now live

23rd March 2020
The Chancellor announced that the British Business Bank will manage the Coronavirus Business Interruption Loan Scheme (CBILS) which is available from today, 23rd March 2020 and will initially run for 6 months. More details can be found on the British Business Bank website However here is a short summary of the key features: •   Through...