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Applications Deadlines for Coronavirus Loan Schemes Extended

10 November 2020

The Chancellor has extended the application deadlines for all Government Coronavirus loan schemes until 31 January 2021.

The extension provides an opportunity for businesses that have not yet secured Government-backed borrowing facilities to do so – helping relieve cash flow pressures and providing additional liquidity in a challenging economic environment.

We have outlined the key features of the CBILS and CLBILS schemes and the factors to consider when submitting applications and approaching funders for support in our latest report.

Gambit has been assisting many businesses with their COVID-19 action plans and providing guidance on the funding available. The firm is proud to have maintained a 100% success rate of applications (against a wider market success rate of 50%)

If you would like to set up a call to discuss the challenges facing your business, understand the most appropriate funding options available and best practice in submitting CBILS/CLBILS applications ahead of forthcoming deadlines, please contact a member of the team.