Skip to content

All News and Blogs

What are the alternatives to CBILS?

  • For smaller businesses across the UK, the government has introduced a favourable lending package to help firms get access to the funds they need to survive the coronavirus crisis. The Coronavirus Business Interruption Loan Scheme (CBILS) is available via British Business Bank-accredited lenders including high-street banks and smaller specialist lenders until 30 September 2020.

Coronavirus Business Interruption Loan Scheme alternatives

29% of SMEs have kept calm and carried on with no action needed

  • Personal cost of Pandemic to business owners is high but optimism for the future prevails

  • -> 80% of SME bosses have been open and honest about state of finances with workers
  • -> 1 in 5 SME owners have put their home up for security for a business loan
  • -> 18% of SME bosses took a pay cut, 14% have not paid themselves
  • -> 78% of SME workers felt their employer has supported their mental health
  • -> 48% confident about their job prospects, 26% pessimistic
  •  

SME survey findings

Contact Us for more information

For more information or to speak to one of our underwriters contact us today.