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Published: 3rd April 2020
Companies across the UK are dealing with unparalleled challenges as the enforced closure of premises and strict social distancing measures slam the brakes on business as we know it in the wake of the escalating coronavirus crisis.
In the face of this challenging environment, the UK government has introduced an unprecedented combination of measures to support businesses. One of these is the Coronavirus Business Interruption Loan Scheme (CBILS), a temporary replacement of the existing Enterprise Finance Guarantee Scheme, which will give companies easier access to both mainstream funding as well as smaller specialist lenders. Lenders will not be able to request personal guarantees for loans under £250,000. Security for the banks will be provided by the government who will guarantee 80% of any losses suffered by the lender.
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Call our Confidential Advice Line. Calls to this number are free of charge.
Call us now...We invite you to come and discuss your enquiry with us at your convenience.
Request a meeting...Call our Confidential Advice Line. Calls to this number are free of charge.
Call us now...We invite you to come and discuss your enquiry with us at your convenience.
Request a meeting...Call our Confidential Advice Line. Calls to this number are free of charge.
Call us now...We invite you to come and discuss your enquiry with us at your convenience.
Request a meeting...