Coronavirus Business Interruption Loan

Articles and news on the Coronavirus Business Interruption Loan Scheme (CBILS), which was designed to provide financial support to smaller businesses across the UK that were losing revenue.

Business Loans

Government to launch £3bn recovery loan scheme

Replacement recovery loan scheme will offer loans of up to £2m to businesses, backed by a 70% government guarantee in event of default. But small business owners will have to offer personal guarantees first

News

Sunak announces new ‘fraud squad’ to target Covid losses

The government has announced a new £25m taskforce to recover money lost to fraud from the Covid-19 emergency loan schemes

News

Businesses struggling to repay £20bn of Covid loans

Accountancy firm Azets says businesses struggling to repay Covid-19 debt may default on £20bn of Covid loans, on top of the £4bn worth of fraud the Government already predicts

Partner content

Can businesses save money on CBILS repayment costs by refinancing for a RLS loan?

Your business could save money on CBILS repayments by refinancing for an RLS loan – Funding Options tells us how

News

Insurers pay out nearly 40% of expected £1.2bn SME Covid bill

Since the court ruling in January, many SME business interruption claims are still awaiting decision, despite insurers being told to act fast.

Business Loans

Covid debt drowning small businesses to the tune of £104bn

Bank lending to small businesses rockets by 82% as owners scramble for Government coronavirus support

News

State-backed CBILS replacement scheme delayed by lending details

The Treasury is putting a scheme to replace CBILS in place, but is experiencing issues with pricing and personal guarantees.

Business Loans

Microbusiness £50,000 Bounce Back Loans – how they work

Government announces 12-month interest-free microbusiness Bounce Back Loans scheme with £50,000 limit and 100% guarantee

Partner content

The benefits of applying for a second CBILS loan

More than 80,000 businesses have grabbed the lifeline of emergency CBILS funding. But did you know you can apply for a second CBILS loan, as well?

Business Loans

How do I apply for a Coronavirus Business Interruption Loan?

How to apply for the new Coronavirus Business Interruption Loan scheme to help small business survive during the COVID-19 outbreak

Business Loans

A guide to getting a business loan during Covid-19

Your business needs a government-backed loan but you don’t know where to begin. Funding Options works with 40+ lenders enabling you to make the best choice

News