Coronavirus Business Interruption Loan Scheme Explained

Summary:

You may already have heard from your lender setting out the kinds of things they can help with. The Coronavirus Business Interruption Loan Scheme (CBILS) could be one option as it provides access to loans, overdrafts, invoice finance and asset finance of up to £5 million for SMEs who have encountered disruptions to cash flow because of the Coronavirus pandemic. It was relaunched in early April following criticisms that not enough businesses had been able to access it, largely because the original criteria prevented lending to SMEs that would otherwise qualify for a normal commercial loan. The Government has also provided a scheme for large corporates.

This webinar will focus on:

• both schemes and how they work
• the challenges we are seeing in clients accessing the finance
• the issues bank lenders are facing processing CBILS loans

Brought to you by Blake Morgan's Head of Banking, Kath Shimmin, and Senior Associate Paul Duggan, Kath and Paul's expert views will help you understand in a bit more depth, what's working, what isn't, what road blocks there are and how people are overcoming them, as well as looking a bit further into the future as to how these loans might work in the medium to long term.

You can register for this free webinar here.