This week has seen the opening of the bounce-back loan support scheme with 100% government guarantees (maximum available £50k) designed to release money to small and medium businesses quicker and with less hassle than under a full CBILS application.
There have also been updates on the self-employment income support scheme which will open on 13th May 2020 for applications.
Here’s our brief video on the above 2 measures, including some of the information you’ll require on hand.
Here is the latest guidance from HMRC which includes their online checker tool to confirm eligibility for the self-employment income support scheme - https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme - agents are not able to make claims on your behalf but can help by using the eligibility tool with you.
And also to the bounce-back loan scheme - https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan
You can apply for a bounce back loan via your existing bank (see their website) an alternative approved funder or through the link above but please be aware of fraud when uploading sensitive or confidential data online.
Take care and stay safe
Jono, David and all of the team at B&T