Coronavirus Interruption Loan Scheme 

The Government is introducing the “Coronavirus Interruption Loan Scheme”, which should be available from Monday 23 March. 

The exact details are prohibited until the formal launch in order to ensure maximum publicity and so that no lender can gain a competitive advantage over another. However, we have heard on good authority that terms will be five years for larger loans, 10 years for smaller amounts, interest free for six months and a fast track application processes. Unfortunately, this is all the information we are likely to have until it is formally released. 

With credit to one of our “partners” Jason Elliott Partner & Head of Business Recovery at Cowgills