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Is CBILS misunderstood?

The Coronavirus Business Interruption Loan Scheme has come under increasing scrutiny and criticism. Some of it in my view is justified and some of it not, either through being misinformed or misunderstood.

 CBILS provides substantial benefits to the business owner:

The downsides for the small business owner are:

As I have mentioned many times before, the banks have moved away from the smallest loans and are not geared to make decisions and even process the level of paperwork required to meet the unprecedented demand emerging. This also applies to many of the non-bank accredited providers.

New capital and simpler processes are required to ensure that we can save the businesses that have the potential to emerge and trade after lockdown.

The longer the lockdown period extends the more pressing will become the need for increased availability of capital which then needs to be turned into liquid resources speedily for small business survival.

By Steve Walker, ART Business Loans

Access to finance in a Covid world

By Steve Walker, ART Business Loans

17th June 2020

Accessing finance for recovery

Birmingham lender goes through the options

25th August 2020

Finance - now and in the future

Birmingham lender assesses changing landscape

20th January 2021

What if . . . we spent our lives trying to guess what's next?

The best way of making an impact

5th March 2020

Funding brings support for SMEs

Unity Trust Bank initiative will help businesses struggling during pandemic

15th May 2020

Reasons for hope

Corporate financier Paul Heaven looks into his crystal ball

25th May 2020

Top of the agenda

Access to finance is key issue to resolve

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Help where it's needed

Support measures in place for impacted customers

30th June 2020

Windows manufacturer secures loan support

Funding will help firm cope as lockdown eases

15th July 2020

Effective exits - insight

Assessing the pros and cons of trusts and FICs

11th January 2021

Manufacturer increases PPE supply

HSBC UK support helps firm bring in more imports

9th July 2020

Surgical supplier secures vital funding

Barclays supports business as part of Coronavirus initiative

14th May 2020

Caterers voice concerns in survey

But trade association providing support to its members

15th April 2020

Financial firm launches interactive guide

Smith & Williamson helps negotiate coronavirus crisis

7th May 2020

Mark O'Sullivan

CEO, PPE for the UK Ltd

28th September 2020