Today we announce that 4Syte has been approved for accreditation to the government-backed Coronavirus Business Interruption Loan Scheme (CBILS) by the British Business Bank. This will allow 4Syte to support UK SMEs during the Covid-19 outbreak by providing CBILS top-up Invoice Finance facilities.
The Coronavirus Business Interruption Loan Scheme, delivered through British Business Bank accredited lenders, is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.
4Syte offers CBILS facilities to run alongside an Invoice Finance facility, and the scheme can be utilised to provide additional lending of up to £500k.
Learn more about how 4Syte can help with CBILS Invoice Finance here or call us on 01245 377032 if you have any questions.