The CBILS scheme has been extended to the 30th November
AskIf is offering CBILS loans from £50,000 – £100,000 to UK businesses that have been trading for 12 months.
The deadline for CBILS applications is November 30th. We want to help small businesses who need it most to survive and thrive during this challenging period and into the future.
Apply today and one of our friendly lending managers will be in touch to discuss your options.
How we help you…
AskIf is able to lend between £50k-£100k to SMEs that have felt the financial impact of COVID-19.
The AskIf process is designed to help businesses in need of financial support who are unable to secure finance from mainstream banks and other lenders.
Our lending manager will support you through the applications process and talk through your needs.
As the deadline draws closer we will aim to get approval to you as soon as possible.
CAN YOUR BUSINESS APPLY?
To be eligible for a CBILS loan your business must…
Be a UK-based Limited Company .
Have been trading for a minimum of 12 months.
Have a borrowing proposal which, were it not for the current pandemic, would be considered viable.
Self-certify that your business has been adversely impacted by COVID-19.
Businesses we’ve helped…
Plexus Innovation“CBILS funding helped us rapidly redevelop our core technology to help care homes in the North East under siege from the effects of Covid-19” Plexus Innovation is a technology innovator… Read more
TeddyOne Ltd“All businesses will need external finance at one point or another. This can be incredibly overwhelming to the small business owner. The application process with AskIf was very straightforward. In… Read more
Can Do“I lost 3 clients in 3 days. I didn’t think I would survive. With this funding I will be able to weather the storm and embrace new opportunities” Carri Nicholson… Read more
Pinestar Construction Ltd“I was aware that lots of sites were still open, I was just unfortunate that all of my sites closed immediately. This made everything uncertain in our business” Pinestar Construction… Read more
About an AskIf CBILS loan
AskIf can provide a CBILS loan from £50,001 to £100,000 on repayment terms of up to three years.
No personal guarantees are required.
The Government will pay interest for the first 12 months.
12 month Capital Repayment Holiday.
There is no fee for SMEs to access the scheme.
The borrower always remains 100% liable for the debt.
About the CBILS scheme
The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy.
The scheme provides lenders with a government-backed guarantee, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’. SMEs from all sectors can apply for the full amount of the facility.
Still unsure whether CBILS is right for your business? The British Business Bank and The Institute of Chartered Accountants in England and Wales (ICAEW) have created new content to help businesses that are facing financial and operational challenges as a result of the coronavirus outbreak. You can view this regularly updated guidance at the Business Finance Guide website.