CBILS lenders granted an extra two months to consider applications

Accredited lenders have been given an extra two months to consider applications for finance under the coronavirus business interruption loans scheme (CBILS).

The scheme was due to end on September 30 but there have been calls for an extension.

The British Business Bank has now clarified that firms can have an extra two months to process and approve applications.

1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
1pm plc

More articles like this

New data shows extent of Midlands’ reliance on COVID support

The ongoing importance of Government support for business during the pandemic has again been underlined in figures showing that more workers in the Midlands were placed in Coronavirus Job Retention Scheme (CJRS) than any other UK region apart

Time Finance results continue to strengthen month on month

Time Finance plc (LON:TIME), formerly 1pm plc, the AIM listed independent specialist finance provider, has announced the Company’s trading performance and expected financial results for the first half of the current financial year, which ended on 30 November 2020.

1pm changes name to Time Finance plc

1pm plc (LON@OPM), the AIM listed independent specialist finance provider to UK SME businesses, has announced that the Company’s name is changing to Time Finance plc with immediate effect. All subsidiary businesses within the 1pm Group will hereafter form part

DirectorsTalk

CBILS applications to surge by 84% for winter survival

The Chancellor of the Exchequer, Rishi Sunak, detailed the onset of the economic emergency facing the UK at last week’s spending review. This comes at a time when demand for the government-backed CBILS loans are planned to rise

1pm plc

CBILS is extended

The Chancellor has recently announced the extension of CBILS to end January 2021. The scheme that offers business loans, invoice finance, asset finance and business overdrafts is open to businesses that need finance due to Covid-19 affecting their trade. Up