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Businesses receive billions of pounds in support during pandemic…

Businesses across the UK have benefited from billions of pounds in government-backed loans, according to new figures.

 

More than 1.4 million loans have supported businesses and protected job across all sectors of business.

Retail and construction sectors have benefitted the most from the loans, which include the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS).

The CBILS scheme allows eligible businesses to obtain funding up to £250,000 without any personal guarantees and with interest payments for the first 12 months paid for by the government.

Other packages include the BBLS – where businesses can loan from £2,000 up to 25% of their turnover (to a maximum of £50,000) – and a number of top-up grants.

The support loans are in addition to the Furlough Scheme, the self-employment income and business grants, all making up the government’s £280 billion support package to protect jobs during the pandemic.

If your business needs help with a CBILS application, funding or the purchase of assets, we can help.

Call 0115 958 6872, email info@maffinancegroup.co.uk or fill in an enquiry form

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If you’d like to get a quote or need further information, simply fill in the form and we’ll contact you on the date and time that you request.
 

If you’re having trouble submitting the form, or want to speak to someone directly, you can call us on
0115 958 6872 and a member of our team will be happy to speak to you.

Alternatively, email us at info@maffinancegroup.co.uk.