The government’s Coronavirus Business Interruption Loan Scheme (“CBILS”) is now up and running. While attractive, it has not been the answer for every business and with government furlough payments currently set to end in June, many will now be facing difficult decisions about the future.
Even businesses which have not been able to secure CBILS funding have other avenues open to them, however, and the earlier that these are considered, the more options are likely to be available. Geldards’ Restructuring team have the following five recommendations:
Our restructuring experts are working remotely and are ready to assist you.
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Senior Associate, Nottingham
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