Tag Archives: Changes to CBILS

CBILS applications predicted to rise

The experts have predicted a rise in the number of CBILS applications. The government’s Coronavirus Business Interruption Loan Scheme (CBILS) supports small businesses that have lost capital due to covid-19 outbreak. The finance lender MarketFinance recently surveyed 5,000 UK companies, employers with a minimum turnover of £250,000. The lender conducted the study in November 2020 […]

Business Groups’ Reaction on CBILS

  Business groups, including CBI, FSB, BCC showed their reaction to the Chancellor’s announcement of the expansion of the Coronavirus Business Interruption Loan Scheme (CBILS). The Chancellor announced that the CBILS has been extended ‘so more small businesses can benefit’, and not just those unable to secure regular commercial financing. Additionally, Mr Sunak announced a […]