Can I apply for a CBILS and a BBL?
A business is not able to take out a Bounce Back Loan Scheme facility if they have been approved for a CBILS facility, and vice versa. However, a business that has a CBILS facility can […]
A business is not able to take out a Bounce Back Loan Scheme facility if they have been approved for a CBILS facility, and vice versa. However, a business that has a CBILS facility can […]
If a business’ application was declined by an accredited lender then the business is able to make a further application under the Scheme to another accredited lender. More BBL Questions Answered Can I Apply for […]
Businesses are entitled to one Bounce Back Loan Scheme facility per separate business unless the business is a group which is a holding company at the top of their structure. More BBL Questions Answered Can […]
The Scheme is open to most UK businesses, regardless of turnover, who self-declare they meet the eligibility criteria. For some businesses, who self-declare as being a “business in difficulty” on 31 December 2019, there may […]
You should talk to the lender if you are experiencing financial difficulties and they will have standard processes in place to support customers in those circumstances. Lenders are not permitted to require personal guarantees for […]
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