SME Business and Sole Traders: Coronavirus Business Interruption Loan
The following information is based on the information publishes as of 26 March. It is intended as an indication of how the scheme will work, as no detailed guidance issued yet.
CBILS (Coronavirus Business Interruption Loan Scheme) has been introduced by the UK Government as a temporary measure with the aim of supporting the continued provision of finance to UK SMEs during the COVID-19 outbreak. The scheme is designed to provide lenders with a government-backed guarantee to facilitate access to loans, overdrafts, invoice finance and asset finance.