Prosperity Wealth CBILS Support Service

This morning we're officially launching our new Coronavirus Business Interruptions Loan Scheme (CBILS) Support Service, aimed at helping business owners seeking the government-backed emergency finance.

CBILS refers to the part of the government’s Coronavirus rescue package set up to aid UK businesses facing financial difficulties as a result of the current situation. Just a couple of weeks on from its own launch, and it has been a bumpy start to proceedings for the scheme, initially facing a wave of criticism.

This came following applicants stating that the banks involved in the scheme had been making it difficult, or in many cases impossible, to obtain the government support they need.

Now, as we enter week three of isolation, a spike in CBILS applicants is expected. There’s been speculation about when the funding due from another element of the government’s support package, the Job Retention Scheme, with worries that payments reach company bank accounts until as late as June. This has led to a spike in Commercial Finance applications across the country, with many seeing this as the only sure way for survival.

Our Commercial Finance advisors have been as busy as ever since the CBILS was launched. With more enquiries on the horizon, we’ve taken appropriate steps to expand the team to ensure we can continue to be be by your side (metaphorically!) throughout the process, making things as smooth as possible for you.

How can we help?

Who is eligible?

What does the loan scheme offer?

What do we charge for this service?

These are testing times, and despite the criticism, the CBILS has been set up with the best intentions in mind. If you’re a business owner or professional connection reading this and you feel that either you or a business that you work with might be able to benefit from a chat with our Commercial Finance team, please don’t hesitate to get in touch.

How to get in touch?

Please email all enquiries to: commercial@prosperitywealth.com

Or please call one of our commercial managers:

Neil Nisbet: 07971442948

Steph Cooper: 07975924121

#CommercialFinance #CBILS #CommercialLending #CommercialBanking #FinancialAdvice #FinancialSupportForBusinessOwners

 

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