A new year always brings with it a fresh approach, new goals and a desire to achieve bigger and better things. For many businesses it is a time for cementing plans and finalising growth strategies. We all know how testing 2020 was and there is great optimism that, once the first quarter has been navigated, many businesses will be pushing forward to ensure a successful year.
The one key benefit that all businesses could enjoy, is a cash boost thanks to some CBILS funding. CBILS is the Coronavirus Business Interruption Loan Scheme, a Government initiative which provides access to business finance and nothing to repay until month 13.
If your business is looking for some financial flexibility, providing you with a cash buffer, which can be saved for a rainy day, then a CBILS is the perfect choice. The money can be kept as a safety net, you won’t have to make any repayments for 12 months and if you find you don’t need it then you can simply pay the money back in March 2020 with no fees and no money lost.
The application is very straightforward and, thanks to the government extension of the scheme, you can apply anytime up until 31st March 2021. If you are thinking about making an application our team would be happy to help. Please call us on 01993 706403 or e-mail firstname.lastname@example.org.