From today there has been a change by the British Business Bank to the CBILS Scheme on ‘businesses in difficulty’

For businesses with fewer than 50 employees and less than £9m in turnover, the ‘business in difficulty’ test will no longer be applied or taken into account (unless the business was in an insolvency procedure at the time)

Therefore businesses that previously may have been refused on the back of this point can now re-apply.

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