The Coronavirus Business Interruption Loan Scheme (CBILS) was introduced in March 2020 by the UK Government in response to the unprecedented Covid-19 pandemic. The scheme has recently been extended until March 31st 2021.
Under the scheme eligible UK businesses can apply for discounted and subsidised loans & asset finance via accredited lenders.
To assist businesses affected by the pandemic the scheme offers the following:
No payments for the 1st twelve months on loan products (Periods up to 60 months)
Amounts from £50,001 - £250,000
No Directors or Personal Guarantees on loans up to £250,000
Our Applications are totally independent of any Bank applications
The Asset Finance variant offers discounted rates from the funders along with the piece of mind that the facility as above is free from Directors Guarantees.
Here at Landmark Commercial Funding we offer straight forward access to the scheme for eligible businesses, advice is free and we guarantee a smooth process with clear and concise communication at every stage. Applications are open right up until March 31st 2021.
The scheme operated via our accredited panel of funders is backed by The British Business Bank. A FAQ section providing an overview of can be accessed via this link.
To start the process or just to see if the CBILS product could assist your business through these unprecedented times please don't hesitate in contacting Landmark Commercial Funding via the details below.
Call - 0161 456 4242