26
Mar
2020
26
Mar
2020
Under the scheme, companies suffering cash flow problems as a result of the Covid-19 outbreak can apply for loans, overdrafts, invoice finance and asset finance facilities of up to £5 million. The finance is interest free for 12 months. Term facilities can be for up to six years with overdrafts and invoice finance facilities for up to three years. The Government provides a guarantee to the lender of 80% of the facility provided.
To download the Coronavirus Business Interruption Loan Scheme - What you need to know, click here.
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