From today 40 main banks in the UK should start taking applications for the Coronavirus Business Interruption Loan Scheme (CBILS). Full details are on the British Business Bank website – link below.
Most small businesses should qualify for a loan, but details of how to apply, and who to approach, along with a list of the banks, is on the British Business Banking site.
They recommend contacting your own business bank first, and making sure you meet the basic criteria – below.
The list of lenders as of 10am 23/03/20 includes:
Bank of Ireland UK – Bank of Scotland – Barclays – Clydesdale Bank – Danske Bank – HSBC – Lloyds Bank – Metrobank – NatWest – Santander – Skipton business Finance – RBS – TSB – Ulsterbank
As previously announced, these loans will be interest free for 12 months. If you need any further help or advice, please let us know.