On 17th December the government announced a further extension to the Coronavirus Business Interruption Scheme loans (CBILS) – meaning that businesses now have until 31st March 2021 (previously 31st January) to apply.
This welcome announcement means that more businesses will be able to enter the loan scheme, benefitting from the needed funds during these difficult times, or providing a cash buffer should business suffer during 2021.
As business advisors, we have the ability to search CBILS loan options for a business, as well as enter your details into our system to apply to banks and other lenders on your behalf. We are also assisting many business with preparation of mid-year financial information needed in many cases to apply for the loan.
Should you wish to take advantage of this extension, please be in touch with your local office to speak to a specialist.