Coronavirus Business Interruption Loan Scheme details published
Released 23 March 2020
The government has released details about how the Coronavirus Business Interruption Loan Scheme (CBILS) will work, increasing the maximum value of a facility under the scheme to £5m, up from £1.2m, and said it would be available to businesses with a maximum £45m turnover.
For further information, see https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils/.
See also the story by Sara White on Accountancy Daily.