Coronavirus Business Interruption Loan Scheme
(CBILS)
With the help of our panel of lenders, GSM can apply for the Coronavirus Business Interruption Loan Scheme (CBILS)
What Is the Coronavirus Business Interruption Loan Scheme (CBILS) ?
The Coronavirus Business Interruption Loan Scheme (CBILS) has been put into place with the intention to support and provide continued finance for small and medium-sized businesses within the UK (SMEs) during the Covid-19 outbreak. The scheme supports finance products including loans & asset finance facilities.
Applications Extended to 31st March 2021
What GSM can offer
GSM can offer varying methods of financial support to help businesses through these uncertain times. GSM can help provide 3 different finance options amongst our panel of 30+ lenders.
LOANS
EQUIPMENT
FINANCE
REFINANCE
CBILS allows businesses to request between £50,000 and £250,000 of cash. This method of finance does not require a personal guarantee. GSM can offer a quick decision-making process
Equipment Fiance allows businesses to request between £50,000 and £5 million. This money allows businesses to purchase new and up to date equipment to help support renewed cashflow.
Refinancing through CBILS entitles businesses to fund existing assets from £50,000 and £5 million while still maintaining use of the assets
Benefits of the Scheme
Eligibility Criteria
Your business must not have been classed as a “business in difficulty”,
The lender will base their approval on the viability of the business prior to Covid-19
Self-certify that your buisness has been adversely impacted by the Coronavirus
Your business must have a turnover of under £45 million yearly
Must be based in the UK
Applications Extended to 31st March 2021
Talk to us.
For the assets your business needs to secure its future, for a loan to secure its present or for equity from assets secured in the past. We can help. Contact the team today on:
Please fill out the short form below if you require funding for any asset type, unsecured loan or refinance of already purchased assets from £10k to £5m
