We are pleased to announce that Close Brothers Invoice Finance and Close Brothers Asset Finance have been appointed as accredited lenders for the government’s Coronavirus Business Interruption Loan Scheme (‘CBILS’).
CBILS is a new scheme that was launched by the Chancellor last month as part of a package of emergency measures to support the economy and increase lending to small businesses. It provides financial support to SMEs across the UK that may be experiencing disruption as a result of the COVID-19 outbreak. Under the terms of the scheme, lenders receive a government-backed guarantee and eligible businesses can obtain a loan of up to £5m that is interest free for the first 12 months.
Click on the links above to find out more information about each of the schemes.