CBILS Funding for SMEs
More funding help when it's needed most
Following the Chancellor's recent announcement, business owners now have until Jan 31st to submit their application.
What does this mean for business owners?
A month long national lockdown and new set of restrictions. It's no secret that the current climate of uncertainty and new restrictions are likely to have a major impact on businesses.
If your business meets the basic criteria for this scheme - trading for 12 months, turnover greater than £250k, based in the UK and running an operation margin prior to Covid - and you think you may be eligible, CBILS might just provide the cash cushion needed to bolster your business over the next month and beyond.
Your circumstances may also have changed in recent months making this an option worth exploring.
Initially when CBILS came out earlier this year, it was limited to the major banks so rejections were higher and application lead times were up to 6 weeks. However, a wider diversification in lenders and product types (term loans, asset, invoice) means that through our lending partners you have access to a:
We have partnered with some of the best companies in the UK that have seen over £1bn CBILS applications go through their systems, and you will have access to a team of experts who can litmus test your company so anyone who is eligible gets across to lenders quickly.
You are in control and we're here to help you. There is no pressure to go ahead.