Changes to Coronavirus Business Interruption Loan Scheme (CBILS)

A couple of minor changes could make a huge difference to businesses now applying for the Coronavirus Business Interruption Loan Scheme:  These changes have come into immediate effect which includes:

The viability test has been amended to remove the requirement for lenders to include a ‘forward-looking’ element and Removing the per-lender portfolio cap, making the guarantee a simple 80%

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