Benefits of CBILS Loans
Alternatives to CBILS funding
The CBILS programme closed to new applications on 31 March 2021. However, many businesses continue to seek financial support to help with recovery from the impact of the pandemic.
The primary alternative to CBILS is the Recovery Loan Scheme:
- Finance of up to £2m per business.
- No personal guarantee on facilities up to £250k.
- Closes for applications at the end of June 2022.
The scheme includes loans, invoice finance and asset finance. These are also available outside the scheme, along with other options for business borrowing.