Coronavirus Update - Financial Advice for CBILS Crisis Loans

Posted on May 6, 2020
Archive : May 2020
Category : News

Business Interruption Loan Schemes

Chandler & Co are keen to help support Care Home operators who wish to consider their eligibility for Business Interruption Loans.  The new Bounce Back Loan Scheme (BBLS) has now been launched, for loans up to £50,000, alongside the Coronavirus Business Interruption Loan Scheme (CBILS) for loans from £50,001 up to £5m. The British Business Bank has added more than 40 accredited lenders across the UK, which means there is a wide range of options to help enable you to navigate the current economic situation.

As experts in the sector, you can trust us to assess your Care Home business and help you decide which options fit your requirements.

Key benefits of a CBILS loan include: 

  • Nothing to pay for 12 months
  • No upfront or early settlement fees
  • Personal Guarantees not required for facilities below £250,000
  • Decisions in 24 hours from some lenders 

The British Business Bank states that there is high demand for CBILS facilities. Phone lines are likely to be busy and branches may not be able to handle enquiries in person.  Chandler & Co can assist you in the process, accessing fast-tracked applications to help ensure you get the funding you need quickly.  We can help you in preparing the lending proposal with a supporting business plan and robust financial forecast, so you can focus on caring for your residents and staff.  If you think that you may be eligible and would like to find out more, please contact us at