Skipton Business Finance: NGO against COVID-19 ^{Coronavirus Business Interruption Loan Scheme}

Entity: Skipton Business Finance: NGO against COVID-19
Category: Coronavirus Business Interruption Loan Scheme
Description: The Coronavirus Business Interruption Loan Scheme (CBILS) CBILS is managed by the British Business Bank only through accredited lenders and supported by a range of approved partners. provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. The scheme is a part of a wider package of government support for UK businesses and employees. Read more at the Government’s Business Support website. CBILS has been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access the funding they need. Importantly, access to the scheme has been opened up to those smaller businesses that would have previously met the requirements for a commercial facility but would not have been eligible for CBILS. Insufficient security is no longer a condition to access the scheme.