What is CBILS?

The CBILS Scheme is a government initiative designed to support small businesses affected by the coronavirus outbreak. UK businesses can receive funding support ranging from £50,001 up to £5million.

Under the scheme, businesses pay no upfront costs, no interest payments for the first 12 months, lower initial repayments and no personal guarantees are required.

Finance terms range up to six years for loans and asset finance facilities. The borrower always remains 100% liable for the debt.

Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans.

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