Many members will already know that the CBILS scheme will end on 31st March at midnight.
Our affinity partner, Richard Lloyd Jones at FFP, can assist clients (and yourselves) with CBILS loans. They are over £30m in funded clients at this point. Circa two thirds of what they are doing is for businesses that really need the funding to help them survive Covid. The other third is a mixture between businesses that haven’t traditionally borrowed in the past, and have taken the funding as a safety precaution with a view to paying it back within 12 months (at zero cost), and businesses that see this as too good an opportunity to pass up and have taken as much as they can in order to expand.
Applications have to be in by 31st March at midnight, but then funders will have up to two months to underwrite and payout deals.
for more information please contact www.ffp-solutions.co.uk