We were keenly watching the Budget to see what further funding support would be made available to businesses. As anticipated, Sunak announced a new loan scheme, the Recovery Loan Scheme, to replace the existing support. From 6 April 2021, the Recovery Loan Scheme will provide lenders with a guarantee of 80% on eligible loans between […]
For months, we have been talking to our clients about the ins and outs of furloughing, whether the CBILS or the BBLS is the best choice for them and how to access grants to carry them to the other side of lockdown. But, the truth is, these measures are coming to an end relatively soon, […]
The Bounce Back Loan Scheme (BBLS) has launched today (Monday 4 May) and is a new scheme for businesses in the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
HB&O’s Corporate Finance Director, Greg Philp, looks at how you can apply to access finance under The Coronavirus Business Interruption Loan Scheme (CBILS)
One-fifth of small & medium-sized entities (SMEs) could go bust in the next 4 weeks, despite the range of measures introduced by the government.
CBILS is a scheme for businesses across the UK that are experiencing lost revenue due to the coronavirus, causing cash flow issues within their business.