WEBiNAR: Understanding the CBIL scheme
Businesses across the UK can now access financial support through the Coronavirus Business Interruption Scheme (CBILS). To find out more about the scheme and who it can help, at 4pm on Thursday 28 May, UMi will be speaking to Shaun Fooy, Senior Manager for the British Business Banks, UK Network for the North East England. .
The coronavirus pandemic has impacted business across all sectors and industries. In response to the problems UK businesses are facing, the government have created CBILS, providing access to loans, overdrafts, invoice finance and asset finance of up to £5m and for up to six years, with no interest due for the first 12 months.
The scheme is provided by The British Business Bank, to help businesses manage short-term cash flow problems.
The British Business Bank is the government-owned economic development bank dedicated to making finance markets work better for smaller businesses has established a UK Network, with team members based within each of the English regions and the three Devolved Nations.
Shaun has spent the majority of his 29-year career supporting smaller businesses in the North East providing funding solutions as a relationship manager and business development manager. He has worked for a number of banks in the commercial and corporate banking market, including Barclays, Lloyds Banking Group and RBS and NatWest.
In Thursday's webinar, Shaun will be discussing what CBILS is, how it works, who is eligible and how businesses can access finance as well as sharing advice on approaching lenders.
Sign up here.