A few of you have asked me about the Government Corona Business Loan Interruption Scheme recently following FAB meetings or seeing my updates on social media.
There was some good news on Friday when new lenders were added to the CBLIS approved panel which means that we are not all reliant on the High Street Banks to facilitate the scheme (current approval rates approx 2%)
I expect to be able to begin putting applications forward by the end of the upcoming week and I expect to be able to produce instant decisions for many clients.
The current benefits of the scheme will apply and the scheme will be open to those who have already been declined by their Bank.
As always, I’ll keep you all in the loop with any further developments.
Feel free to get in touch with any questions.
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