Apply for a Coronavirus business Loan (CBILS)

Borrow £50,001 – £500,000 to help manage the financial impact of covid19 and have nothing to pay for 12 months

Quick Decisions Within Hours

Available Loans £50,001 to £500,000

As Low 1.8% Rates Available

Government Accredited Loan Scheme

CBILS - a Government loan initiative

CBILS is a government initiative to help small businesses recover from the impact of the Coronavirus.

12 months with NO REPAYMENT FEES – Helps you get the business back on its feet

There are NO early repayment fees if you want to pay off the loan early.

How it Works?

As a certified broker we find you the best deal from our panel of  accredited lenders. CBILS gives the lender a government-backed guarantee for the loan repayments to encourage more lending during challenging times.

Under the scheme, personal guarantees of any form will not be taken for facilities below £250,000.

Up to 5 Million can be provided for:

→ Term loans

→ Overdrafts

→ Invoice finance

→ Asset finance

The borrower remains fully liable for the debt.

Who is eligible?

→ Must be UK-based in your business activities

→ Have no more than £45 million turnover

→ From the coronavirus business impact, have what would be considered as a viable borrowing proposal.

 

Details of the loan?

→ How much do you want to borrow?

→ What is the money for?

→ The period over which you will make the repayments?

Following the governments announcement to extend the guarantee on these loans, they can now be taken out over 10 years, thus allowing more time and flexibility to repay. The lender will assess all companies independently based on financials and business circumstances.

You loan application needs to have started prior to 31st March 2021 – After this date you wont be able to get a CBILS loan.

Call Today For More Information 

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