Written by revel accountants on 3rd April 2020 in COVID-19 Uncategorised

The Coronavirus Business Interruption Loan Scheme (CBILS) – you should now find the Banks more helpful

Changes have been made to The Coronavirus Business Interruption Loan Scheme (CBILS)  which should have the effect of making the scheme more open and fair to all small businesses. The requirement for personal guarantees for lending under £250,000 has been prohibited by the Chancellor, and the meaning of viability has hopefully been clarified.

Let us know how you get on.

More information can be found here: https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils-2/