Some good news with the much-criticised Coronavirus Business Interruption Loan Scheme (CBILS).
We are pleased to announce a positive outcome for one of our clients in applying for a CBIL to help them get through this period. It was tough going but we got their and helped them achieve it with our financial forecasting tool and support.
“Paul and his team at A & C Chartered Accountants worked tirelessly in assisting our company achieve a Covid business interruption loan for the business from one of the big banks. The information provided along with the advice was vital in securing this facility. Without Paul it is very doubtful that this vital funding in such difficult times would have been achieved in sufficient time.”
Ian Moore – Managing Director
You can find out more about the scheme here.
The Coronavirus Business Interruption Loan Scheme (CBILS) supports small and medium-sized businesses, with an annual turnover of up to £45 million, to access loans, overdrafts, invoice finance and asset finance of up to £5 million for up to 6 years. The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees. This means smaller businesses will benefit from no upfront costs and lower initial repayments.
Need more information?
We understand this difficult time and aim to help our clients in the best way we can. We offer a wide range of services which are unique to your businesses who are just getting going! Our team of chartered accountants have a wealth of experience in a broad range of sectors, from construction and property to the charity sector. Our team work hard to ensure they create smart and effective tax-efficient solutions for start-ups to optimise growth and help them succeed. If you want to learn more about how the team can help or simply want some start-up advice from a trusted accountant do hesitate to contact us. For more information please do hesitate to contact us on 0161 962 1855. Alternatively you can email us using the form below and we will contact you as soon as possible.
Our fantastic team at A&C Chartered Accountants are here to help.