Business Interruption Loan Scheme

How can the Coronavirus Business Interruption Loan Scheme (CBILS) help you?

Thursday 9 April, 2020

NOTE: The documents attached to this article have bee updated – 17/04/2020

John Pringle, Mortgage Broker & Protection Adviser in Tottenham, North London reviews the “Coronavirus Business Interruption Loan Scheme”.

Thomas Wheatley, Mortgage Broker & Protection Adviser in our North London mortgage broking team said: ‘In the 2020 Budget on Wednesday 11 March, the Chancellor announced a “Coronavirus Business Interruption Loan Scheme” (CBILS) and said it would become available “over the coming weeks”. This has been brought forward, and the new scheme is available from 23 March 2020 and will initially run for 6 months. It will be provided by the British Business Bank through participating providers and will offer more attractive terms for both businesses applying for new facilities and lenders, with the aim of supporting the continued provision of finance to UK businesses during the Covid-19 outbreak.’

If you are affected by the “Coronavirus Business Interruption Loan Scheme” (CBILS) please call our qualified mortgage brokers now for personalised mortgage advice on 01707 872000.  

In Summary...

If you need mortgage advice or information about mortgage lenders and the type of finance, they are providing call a Thomas Oliver mortgage broker on 01707 872000. We offer a free initial mortgage review consultation.

Please download and read the following documents to help you get the appropriate financial support:

Coronavirus Business Interruption Loan Scheme May 2020 v8

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