Coronavirus Business Interruption Loan Scheme (CBILS) and Coronavirus Large Business Interruption Loans (CLBILS) provide financial support to businesses across the UK that are losing revenue, and seeing their cash flow disrupted, as a result of the COVID-19 outbreak. The government has extended the scheme to cover larger businesses and Personal Guarantees are no longer required for loans less than £250,000.
This loan can provide a lifeline to UK recruitment agencies facing cash flow issues; however, preparing and submitting documents for the viability test to prove ability to service the loan is a challenging ask. While the final outcome will depend on the condition of your business and the criteria laid down by the lender, QX can help you create an effective application for loans up to £250,000. Our key services include:
Filling-up loan application form
Choosing flexible repayment structures
Cashflow forecasts preparation
Management Accounts preparation
Compile documents/records supporting your loan application