What is Coronavirus Business Interruption Loan Scheme (CBILS)?

Is your Business taking full advantage of the help available to it? Unsure how the Coronavirus Business Interruption Loan Scheme (CBILS) can be utilised to support your company and its future plans? Don’t know whether you qualify? We’ve got it all covered:

• CBILS enables you to invest in your business now with no interest payable in the first 12 months of the loan
• If you have already taken a Bounce Back loan but this has proved insufficient CBILS is available so long as you pay back the Bounce Back Loan (which can be done using CBILS).
• CBILS is available to companies that have been impacted by COVID-19
• CBILS can be taken out in multiple agreements so as long as the total doesn’t exceed £5m (subject to company turnover)
• Once you have a finance offer you have up to 6 months to take up the facility

There are 3 main ways CBILS arranged via Amplo® Commercial Finance can help your business:

1. Loan – up to £5m over 2-6 years with first 12 months interest free
2. Asset Finance – Purchase new or used equipment and pay no interest for the first 12 months.
3. Refinance – Existing agreements and unencumbered assets can be refinanced on to more favourable terms

If you would like to find out more information about Coronavirus Business Interruption Loan Scheme, don’t hesitate to get in touch with a member of our team today. Complete our contact us form and we will get in touch with you shortly. 

Asset Finance - Coronavirus Business Interruption Loan