Coronavirus Business Interruption Loan Schemes (CBILS) live webinar
You may already have heard from your lender setting out the kinds of things they can help with. CBILS could be one option as it provides access to loans, overdrafts, invoice finance and asset finance of up to £5 million for SMEs who have encountered disruptions to cash flow because of the Coronavirus pandemic. It was relaunched in early April following criticisms that not enough businesses had been able to access it, largely because the original criteria prevented lending to SMEs that would otherwise qualify for a normal commercial loan. The Government has also provided a scheme for large corporates.
This webinar focussed on:
- both schemes and how they work
- the challenges we are seeing in clients accessing the finance
- the issues bank lenders are facing processing CBILS loans
Brought to you by Blake Morgan’s Head of Banking, Kath Shimmin, and Senior Associate Paul Duggan, Kath and Paul’s expert views helped attendees understand in a bit more depth, what’s working, what isn’t, what road blocks there are and how people are overcoming them, as well as looking a bit further into the future as to how these loans might work in the medium to long term.
Questions were submitted before and during the webinar, which the panel answered during the session.
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Speakers
Kath Shimmin
Partner
Kath leads the Banking and Finance Team at Blake Morgan. She has over 25 years’ experience in the finance sector, covering a huge range of client and transaction types.
Paul Duggan
Partner
Paul is a Senior Associate in the Banking and Finance team and acts on a variety of finance transactions involving debt finance.
Details
Date:
Wednesday 29 April 2020
Time:
2.00 pm – 2.45 pm
Location:
Webinar
Cost:
No charge