You now have until 30 November to apply for a Coronavirus Business Interruption Loan Scheme (CBILS).
But it's still worth starting an application early to keep your options open, beat the rush and get a faster decision!
Local Restrictions Support Grant (LRSG) supports businesses that have been required to close due to temporary COVID-19 local lockdown restrictions imposed by the government.
At the beginning of the month the Minister for Regional Growth and Local Government, Simon Clarke MP, announced £20 million of new government funding, set to help smaller businesses recover from the effects of the coronavirus pandemic.
Over the last week, the government has announced some new initiatives in an aim to provide additional loan support small businesses and those most affected by the crisis.
Funding Circle, one of the UK's leading alternative lenders has also recently announced that is has been approved as a CBILS accredited lender.
Here we explain the new government loan schemes, and how CBILS works through Funding Options.
Always keen to keep our fingers on the pulse of the accounting industry, we’ve not long returned from a couple of days at Xerocon - the annual Xero get-together in London.
