Coronavirus Business Interruption Loan Scheme
The past few weeks have served up a range of unprecedented challenges for businesses in the face of a global pandemic, Coronavirus. At the time of recording this podcast, we have entered into something approaching a full lockdown in the UK for the first time.
What this means is that for the vast majority of the workforce must now login from home, while many businesses including bars, restaurants and retailers have been ordered to close. Manufacturing plants and construction sites are also severely disrupted, if they’re working at all.
This podcast is the first in our new series where we will provide clear advice, calling out the help available, and the practical steps businesses can take to protect themselves and put their business in a stronger position.
First on the agenda, it’s funding. The Chancellor, Rushi Sunak, has launched a ‘Coronavirus Business Interruption Loan Scheme’ (CBILS) designed to help businesses through this period when income is taking a huge blow.
Joining us on this episode to discuss how and which businesses can access the scheme is Katrin Herrling, CEO and Co-Founder of Funding Xchange and James McGarva, Managing Director of Business Information Services at Experian.