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***TODAY'S VIDEO***
Stay safe, Stay home & Be responsible!
Today I am talking about “Coronavirus Business Interruption Loan Scheme” (CBILS).
As the name explains, this government scheme provides finance for small and medium sized businesses whose cashflow has been disrupted by the COVID-19 outbreak, and whose business doesn’t meet the normal lending requirements for any existing commercial lending products.
Web links and contact details of few lenders:
*Barclays*
*Product:* Loan
*Eligibility:* Businesses going through insolvency cannot apply
*Size:* £25,000 - £5,000,000
*Duration:* One to six years
*Rates:* Fixed / floating, upon application
*Application:* Check your [availability online]([ Ссылка ]) or call 0333 202 7446.
*Royal Bank of Scotland*
*Product:* Loan
*Eligibility:* No bank-specific criteria provided
*Size:* £1,000 to £50,000
*Duration:* One to seven years (10 years available upon request)
*Rates:* Fixed interest rate; variable, on a case by case basis
*Application:* More information, [apply online]([ Ссылка ]) .
*HSBC*
*Product:* Loan
*Eligibility:* Existing HSBC business customers, plus standard CBILS criteria
*Size:* From £10,000
*Duration:* Up to six years
*Rates:* Fixed interest rate; variable, on a case by case basis
*Application:* For more information, call 0800 0113 317 or visit the [website]([ Ссылка ]) .
*Lloyds*
*Product:* Loan
*Eligibility:* Existing Lloyds Bank customers; [full criteria here]([ Ссылка ])
*Size:* £25,000 to £5,000,000
*Duration:* Up to six years
*Rates:* Fixed interest rate; variable, on a case by case basis
*Application:* [Download the Lloyds form and return]([ Ссылка ]) .
*Metro*
*Product:* Loan
*Eligibility:* Existing customers only
Duration and *Rates:* Unknown
*Application:* Contact your Relationship Manager or call their specialist business team on 0345 08 08 508 between 8am and 6.30pm, Monday to Friday.
Research sources:
[ Ссылка ]
🎬My other videos from the same series:
-How to take your business through the corona virus
[ Ссылка ]
-Corona virus is over-hyped, fed by the ignorant mindset 🤔
[ Ссылка ]
