CBILS part 1: what we’ve learned from our first successful application

UPDATE – The government has now announced an extension to the CBILS deadline. Businesses wishing to apply have until 31 January 2021.

TTC’s Adam Pennyfather discusses his key takeaways from working through a loan application under the Coronavirus Business Interruption Loan Scheme (CBILS).
These include:
– the company and personal information requested
– when security is likely to be required
– the loan terms offered.

If you enjoyed this post, why not sign-up to our newsletter? Get our latest blog posts, industry updates and exclusive content. Join our mailing list below.

The COVID-19 crisis is rapidly evolving and the Government’s response and the details of support on offer are continuously changing. We’ll be updating our posts regularly to ensure our analysis and advice remains as accurate and useful as possible. To receive the very latest information as we release it follow us on LinkedIn. If you have any questions in the meantime, please get in touch.