With only a couple of weeks left to apply, CBILS (Coronavirus Business Interruption Loan Scheme) has proven to be a lifeline for many businesses.
The application process is simple and quick with no fees or interest payable for the first 12 months and there are no personal guarantees required for the lending. In fact, on average loans of up to £250,000 are in your bank within 7 days.
Many businesses, however, don’t realise that they can have more than one CBIL and that you can use more than one CBIL for the same project. The finance is highly versatile and provides businesses with straightforward funding options during difficult times.
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