News
Over 75% of Fiduciam’s CBILS Loans repaid
The British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS) was designed to support the continued provision of finance to SMEs during the Covid-19 pandemic.
CBILS
Business Finance
Covid-19 loan guarantee schemes may have saved between 150,000 and 500,000 businesses
Between 10-34% of BBLS borrowers and 7-28% of CBILS/CLBILS borrowers could have permanently ceased trading in 2020 without the schemes
Specialist Finance
Allica Bank becomes first non-CBILS lender to join Recovery Loan Scheme
Fintech challenger bank Allica has been accredited for the Recovery Loan Scheme (RLS), becoming the first bank outside of the original CBILS lenders to be approved for the Scheme.