The Coronavirus Business Interruption Loan Scheme (CBILS) was introduced by the government to help the UK small businesses that have been affected by the coronavirus (COVID 19) to give access to finance. Using our panel of CBILS accredited lenders, Money Wow will help you find the best CBILS loans available.
To help your business along in these tough times, there will be no repayments for the first 12 months. The British Business Bank will cover interest for the first year to reduce the overall cost of the loan. If you find that you can settle the loan early, there are no penalties for early settlement.
We want to support as many businesses as we can, and will work to get your business the funding it needs during these uncertain times.
Under the CBILS scheme, the business becomes liable for the loan amount with no personal guarantees in any form below £250,000. A personal guarantee will likely be required for CBILS loans of above £250,000.
Am i eligible for a CBILS LOAN