The Coronavirus Business Interruption Loan Scheme (CBILS) is due to end on the 30th September 2020. If you are thinking of applying for a loan or think that you may need the additional support, then your application must be in the final stages of approval by then.
From our experience, the amount of information required to obtain a CBIL means the application process can be lengthy. So, if you want to ensure you do not miss out, you must make sure your application is completed or in the final stages of completion by that point.
We anticipate high demand in last-minute applications, which might slow down the turnaround on these applications. So, we would recommend, anyone still contemplating applying for a Coronavirus Business Interruption Loan, before the deadline of the 30th September 2020, to do so straight away.
Hentons are here to help
If you would like Hentons to make an application on your behalf, we have a team ready to produce your application with all the relevant forecasts and supporting documents.
This is a fully managed service, aiming to make the process as straightforward as possible.
We have already helped many of our clients secure several millions of pounds of additional lending, ensuring their businesses are financially strong throughout this pandemic.