CBILS extended to 31st March

Last week, the Chancellor of the Exchequer further extended the government’s three coronavirus business interruption loan schemes. The extension means that the schemes will now have an end date of 31st March 2021, enabling further support for businesses who may need it.

More businesses will now be able to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce B ack Loan Scheme (BBLS) and Bounce Back Loan Scheme top-ups. To date, the three schemes have supported a total of over 1.5 million facilities to businesses, providing over £68 billion of finance.

If you need a CBILs loan please reach out.