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Webinar: CBILS – the solution for small businesses

Our recent webinar, in conjunction with the British Business Bank, really helped our clients to understand the benefits and flexibility of the Coronavirus Business Interruption Loan Scheme (CBILS).

Guest speaker Bernie Skivington, Director, Guarantee & Wholesale Solutions, at the British Business Bank introduced the features and benefits of CBILS, whilst providing insight on trends in the uptake of the scheme, considerations for businesses over the coming months and support post-CBILS.

Our Sales Director, David Angus, provided further clarification on the application process, including cash flow projections, interest payments and the support and guidance Braemar Finance can offer throughout the entire process.

Webinar recording now live

Watch the webinar in full to find out how CBILS can support business cash flow and capital equipment purchases. Please note the recording was made prior to the application date being extended. The application deadline for CBILS was 31 March 2021.

Short on time?

Choose a key topic from the list below and you’ll be taken straight to that section of the webinar*.

  1. What is the role of the British Business Bank?
  2. Why the British Business Bank were asked to support the government schemes
  3. Overview of CBILS and BBLS
  4. CBILS features and benefits
    1. Benefits
    2. Eligibility
    3. Qualification
    4. Guarantees
    5. Typical uses
  5. Application process: guidance
  6. Application process: our initial application form and how the information is used
  7. Application process: documentation and processing
  8. Application criteria: What is meant by a ‘Business in difficulty’?
  9. Interest payments
  10. New start businesses – where do I fit in?
  11. Trends in the uptake of the scheme across sectors and industries
  12. Have you seen a noticeable change in uptake as the scheme, and many other governments support schemes, taper off?
  13. Q&A: Cash flow projections; how far in the future would you typically want businesses to project?
  14. Q&A: What safeguards does the BBB have in place to ensure that all lenders are applying the same criteria when evaluating a lending proposal, and what happens if you have a "rogue" lender that doesn't adhere to the guidelines?
  15. Q&A: Considerations for businesses regarding CBILS over the coming months
  16. Q&A: Will there be any additional support post-CBILS?