Fact sheet on CBILS produced by the Debt Advisory team.
The Debt Advisory team at Colliers International has created a fact sheet on the UK Government’s newly introduced Coronavirus Business Interruption Loan Scheme (CBILS).
The new scheme was announced by The Chancellor at the recent Budget and provides borrowing facilities up to a value for £5 million for small and medium enterprises. In its guidance, Colliers International sets out eligibility criteria, what is involved in the new scheme, the steps for application and outlines the key features including government financial support for interest and fees.
Adrian Rowland, director in the Debt Advisory team at Colliers International, commented: “This is an uncertain time for small business owners across the UK. The Government has provided a raft of new initiatives to support those in need, but it is a case of breaking these down and pulling out the key information. We hope our document can help those looking for clarification around CBILS and we are on hand for those who may need additional help.”