CBILS

[Rough Hewn]

Anyone make any sense of this?

[Stubby]

10 minutes ago, Rough Hewn said:

 

Anyone make any sense of this?

 

Corona Virus Business Interruption Loan Scheme  ?  

Edited March 23, 2020 by Stubby

[spuddog0507]

11 minutes ago, Rough Hewn said:

 

Anyone make any sense of this?

 

Is it a Yorkshire term for a STD ?

Is it a new board game you have patented ?

have you been watching countdown again ?

how much do we get if we get it right ?

[Rough Hewn]

Is it a Yorkshire term for a STD ?
Is it a new board game you have patented ?
have you been watching countdown again ?
how much do we get if we get it right ?

Yes
Yes
Yes
A quarter million
[emoji848]

[roys]

Basil’s wife?

42?

[Rough Hewn]

Corona Virus Business Interruption Loan Scheme  ?  

This. Anyone understand it?

[Arboraeration]

As far as I can tell you have to apply individually through each lender, there is a choice of around 40. New businesses or ones with poor trading history will probably still struggle. I think the main difference is that a personal guarantee is NOT required as the Gov is backing the loan and no interest for the first 12 months 

[doobin]

I bet you a personal guarantee will still be required. They are guaranteeing 80 perfect of the loan to the bank- after the bank have hounded you for the full 100 % to the point of bankruptcy  

 

Plenty of businesses will be burnt by this. 

[Stubby]

9 hours ago, Rough Hewn said:

This. Anyone understand it?

All I understand about a loan is you have to pay it back .