Funding 365 urges SMEs to apply for CBILS before end of March deadline

Funding 365 urges SMEs to apply for CBILS before end of March deadline

Funding 365 can confirm today that it has received a further increase in its Coronavirus Business Interruption Loan Scheme (CBILS) allocation from the British Business Bank to be able to support more SMEs impacted by Covid-19.

Funding 365 can confirm today that it has received a further increase in its Coronavirus Business Interruption Loan Scheme (CBILS) allocation from the British Business Bank to be able to support more SMEs impacted by Covid-19.

The lender is encouraging all remaining CBILS bridging loan applicants to get in touch with them as soon as possible to ensure that eligible loans can be approved by the 31st March deadline.

In last week’s Budget announcement, Rishi Sunak confirmed that the scheme is to be replaced in April by the Recovery Loan Scheme, under which interest and fees must be paid by the borrower from the outset.

Under CBILS, Funding 365 provides unregulated bridging loans up to £3million for a maximum 65% LTV for up to 18 months, secured on a first charge basis against residential properties across England and Wales.
Read the full story here:

https://bestadvice.co.uk/funding-365-warns-of-impending-cbils-deadline/

Funding 365 Limited is registered in England & Wales / Registered address: 20-22 Wenlock Road, London, N1 7GU / Company Number: 8488034.

Funding 365 Limited is not regulated by the Financial Conduct Authority or under the Financial Services & Markets Act (FSMA). All loans provided by Funding 365 Limited are non-regulated mortgage contracts, defined under Article 61(3) of the FCA Regulated Activities Order or non-regulated contracts under the Consumer Credit Act. Your property may be at risk if you do not keep up repayments on any mortgage or loan secured on it.

Contact us

Useful links

Save time. Speak to us first

0800 689 0650

30 Stamford Street, London SE1 9PY

Location Icon