CBILS Extension Until January 2021

Dealer Net Finance Coronavirus Business Interruption Loan Scheme CBILS

 

The Coronavirus Business Interruption Loan Scheme (CBILS) has now been extended has now been extended through until the end of January 2021.

CBILS came in earlier this year to support SMEs during the Covid-19 outbreak. The scheme enables lenders to provide finance facilities up to £5m to businesses who are experiencing lost or deferred revenues, leading to cashflow disruptions.

CBILS can support a range of finance products to help businesses such as Hire Purchase, Business Loans, and Invoice Finance.

The scheme provides the lender with a government-backed, partial guarantee against the outstanding balance of the finance.

The Government will make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied charges.

All finance is subject to approval and certain criteria is to be met to qualify for CBILS.
See the eligibility criteria below. The borrower remains 100% liable for the debt.

Find out more about CBILS and how they can help your business on the British Business Bank website here.

For more information and to see if your business is eligible, please contact Dealer Net Finance today on 0191 586 6168 or drop us a message through our Contact Us form.

Download the Coronavirus Business Interruption Loan Scheme (CBILS) Eligibility Criteria here.

It's a simple process

Step 1

Call us or fill in our contact us form

Step 2

We'll contact or visit you to help create a bespoke finance plan

Step 3

We'll work with our portfolio of funders to discuss then submit your application

Step 4

Upon approval, we prepare all documentation for signing then process for pay out

Contact us

Call: 0191 5866168 or complete the form below.

Dealer Net Finance Limited, 46 Lambton Court, Peterlee, SR8 1NG
Mobile 07933 271151   |   Fax: 0191 5180669   |   Email: sales@dealernetfinance.co.uk

© Dealer Net Finance Ltd 2018. All Rights Reserved.
Dealer Net Finance Limited. Registered in England & Wales Reg. No: 5722918
Registered Office: Franklin House, Stockton Road, Sedgefield, Stockton, TS21 2AG
Director: H. Musgrave | Authorised and Regulated by the Financial Conduct Authority, Authorisation No: 660336