Latest figures, from the Treasury, show that millions are benefitting from coronavirus support schemes.
The government has said that over one million bounce back loans (BBLS) worth over £30bn have been handed to the UKs small businesses during the pandemic so far.
Those latest figures, from the Treasury, show that over £30bn worth of loans have been given to support UK firms following the negative impact of the coronavirus lockdown.
They have also released figures for the coronavirus business interruption loans (CBILS), which show over £11bn worth of funding has been approved and provided as of 6th July 2020.
The Chancellor of the Exchequer, Rishi Sunak has previously said that “Small businesses are the powerhouse of the UK economy and will help drive our recovery as we bounce back from this global crisis.”
“The government has worked hard to give small businesses the help that they need, in the form of loans, grants and support to paying the wages of their staff.”
The government has promised to stand behind the UKs small businesses to help them recover and get through this crisis. We hope that economy will recover as quickly as the government predict.
At The Funding Store, we know that there are some businesses out there who are still waiting for their CBILS or BBLS application to complete or would like to borrow further funds by converting their bounce back loan (BBL) to a coronavirus business interruption loan (CBIL).
We have CBILS accredited funders offering business loans, asset finance, overdraft facilities, invoice finance and asset refinance, so if you are looking for further funding, why not get in touch today to see how we can assist, or apply using one of the options below.