Updates – Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS)

Updates – Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS)

By David Marshall

Closing Date Deferred

The British Business Bank has announced that the deadline for applications for these loan schemes has been extended from 30th November to 31st January 2021.

BUT…… We understand that some of the accredited Lenders may be closing for applications before this, so perhaps best not to delay!

Bounce Back Loan  – Second Bite

The Treasury announced last weekend that businesses which originally borrowed less than the maximum £50,000 or 25% of turnover, can top up their Bounce Back Loans. Not all Lenders are able to offer this today, but refer to your Bank’s website for further announcements.

We continue to support our clients throughout Lockdown 2 and you can contact us on the details below:

David Marshall: E: Click Here  T: 07764 512 840

David Griffiths: E: Click Here    T: 07850 188 046