New lenders join CBILS scheme
The CBILS scheme continues to evolve with a softening in security demands, financial information requirements being reduced and new lenders attaining BBB accreditation.
The last two weeks has seen multiple new lenders join the scheme, with notable new entrants including lenders such as Funding Circle who expect to go ‘live’ during the week commencing May 4th 2020.
As a tier one introducer, we are one of the few accountancy firms in the region who have access to the new funders and can assist you with new finance requests.
If you would like to explore this option please contact Lee Humble in our Corporate Finance team who can talk you through the information requirements and process for obtaining finance through channels which may exclude your clearing bank.
Information required for CBILS
Our publication (linked below) outlines the information needed in order to get a CBILS application out to lenders.