What to include in an application for the Coronavirus Business Interruption Loan Scheme – A Guide for Small Companies

As the Coronavirus pandemic unfolds, the message we are hearing over and over is that cash flow is under pressure. The Government has inroduced the Coronavirus Business Interruption Loan Scheme (CBILS) to support businesses at this challenging time.

The guide below explains the requirements of the scheme, and explains the information you need to provide in order to increase the likelihood of a ‘yes’ decision from the bank.

Dixcart accountants can guide you through the process of preparing to apply for the Coronavirus Business Interruption Loan Scheme and our tax advisers can help with relevant matters including negotiating payment terms with HMRC. Please get in touch.

The data contained within this document is for general information only. No responsibility can be accepted for inaccuracies. Readers are also advised that the law and practice may change from time to time. This document is provided for information purposes only and does not constitute accounting, legal or tax advice. Professional advice should be obtained before taking or refraining from any action as a result of the contents of this document.