Coronavirus… (CBILS): what we know so far – updated on 16 April 2020

To help UK businesses through these challenging times, the Chancellor announced the Coronavirus Business Interruption Loan Scheme (CBILS) in his budget statement.

20 Mar, 2020 Updated 09 Sep, 2021
Covid-19FinanceInsights
cbils-bank

To help UK businesses through these challenging times, the Chancellor announced the Coronavirus Business Interruption Loan Scheme (CBILS) in his budget statement.

In our discussions over the last few weeks, it is clear that many travel companies see this as a potential lifeline.

The British Business Bank launched the scheme on Monday 23rd March, since then there has been various criticisms of the scheme and lenders involved. The government has taken note and subsequent variations have been made.

Below is the latest summary of the scheme as of 16 April 2020.

20200416 TTC Summary – Business Interruption Loan Scheme (CBILS)

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Covid-19, Finance