At Carrera Finance we are supporting UK business to obtain CBILS Loans. The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
The scheme is a part of a wider package of government support for UK businesses and employees. CBILS has been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access the funding they need.
Importantly, access to the scheme has been opened up to those smaller businesses that would have previously met the requirements for a commercial facility but would not have been eligible for CBILS. Insufficient security is no longer a condition to access the scheme.
When it comes to government backed, business loans, Carrera Finance has been providing advice for a number of years. We provide advice and support to assist businesses in accessing a range of both locally supported and central Government provided grants and support schemes. This includes the established Enterprise Partnerships and the Enterprise Finance Guarantee Scheme (EFGS), a government initiative established in 2009 and designed specifically to assist SME business owners with flexible loans of up to £1 million.
There are currently over 40 UK banks and financial institutions set up and registered to administer the CBILS and EFGS and we have strong established relationships with them all. For free, unbiased advice to establish if you are eligible for either CBILS or if a EFGS facility is appropriate for your business please get in touch.
In addition to grant and government schemes, we provide access to a growing number of authorised and regulated financial institutions who will provide secured loan facilities. Agreements in Principle can be obtained quickly and funds often made available within a matter of days.
Please call us today to see how we can help or submit an enquiry and we will contact you. Our advice is given freely, in confidence and without obligation.