Coronavirus loan schemes extended

3rd October 2020

The deadline for applications to the coronavirus loan schemes has been extended until 30 November 2020. The deadline extension applies to the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS), the Bounce Back Loan Scheme and the Future Fund. The test of whether or not a business is an ‘undertaking in difficulty’ has also been changed for CBILS and CLBILS. Businesses that were ‘undertakings in difficulty’ on 31 December 2019 but are no longer ‘undertakings in difficulty’ will now be eligible for the loan schemes.