Coronavirus Business Interruption Loan Scheme (CBILS) – Scheme applications close on 30 September

The Government’s CBILS scheme provides financial support for businesses affected by COVID-19.

Managed by the British Business Bank on behalf of the Government, the CBILS scheme gives businesses 12 months’ interest-free finance via a range of business loans, asset finance, invoice finance and overdrafts on loans of up to £5m. Loan terms are between one to six years and the Government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months.

Applications for the scheme must be submitted by 30 September.

For more information on the key features of CBILS and the eligibility criteria please click here.

If you would like more information or help applying for funding please contact our Tax Partners, Steve Crompton or Lucy Williams on the details below:

Steve Crompton

Partner – Head of Tax

direct dial: 01942 292541

mobile: 07790 840394

email: steve.crompton@jsllp.co.uk

Lucy Williams

Tax Partner

direct dial: 01942 292543

mobile: 07807 053494

email: lucy.williams@jsllp.co.uk