The UK Governement launched the CBILS on Monday 23rd March 2020 and, as an accredited lender for asset finance, we are able to provide CBILS facilities in the form of Hire Purchase or Finance Lease agreements for equipment purchases, or Asset Refinance to release cash from existing assets.
Please note – if you have accessed the Bounce Back Loan Scheme you are not eligible to utilise CBILS.
All our facilities, including CBILS, are only available to Limited Companies in England and Wales. Companies can apply for between £5,000 and £100,000 and our facilities are repayable over terms of 24-48 months.
The Coronavirus Business Interruption Loan programme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy. For full details visit www.british-business-bank.co.uk/CBILS