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The Coronavirus Business Interruption Loan Scheme (CBILS) was introduced in March to provide loans of up to £5 million with an 80% government guarantee to UK-based businesses with turnover under £45 million. The CBILS application period was initially intended to close by 30 September and the initial proposed maximum loan facility term was six years.
The government has announced that as part of the Winter Economy Plan the time period for new CBILS applications has been extended to 31 January 2021.
The Winter Economy Plan has also extend the maximum term of a loan which a CBILS lender can offer from the initially proposed period of six years to the extended period of up to ten years.
There has been no change to the other key elements of the CBILS – details are available here from our earlier article – including:.
Amanda graduated from Brunel University, with a joint honours degree, achieving a BSC and BA degree in Leisure Management and Television and film studies. Amanda started her career in a customer service role before joining the hotel group Le Meridien as an Events coordinator, she was in the hotel industry for seven years and during her time won an award from a major international airline for her outstanding attitude and dedication to customer service, which she achieved while working for the Rezidor hotel group in the position of Airline Crew Manager. Amanda has over 20 years experience in customer relations and event management.
