The Chancellor has extended the eligibility criteria for the CBILS and will force banks to adjust their stances on personal guarantees under the Scheme.
What is it?Source: Coronavirus Business Interruption Loan Scheme The temporary Coronavirus Business Interruption Loan Scheme will support small and medium-sized businesses with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to six years. The Government will also make a Business…
The Prime Minister directed all food-service and entertainment venues to close and introduced further measures to support employers and individuals during the restrictions of movement.
The Chancellor of the Exchequer introduced the Coronavirus Business Interruption Loan Scheme, Business Rates Relief and mortgage holidays.