Licensed Insolvency Practitioners with over 25 years of experience

The Coronavirus Business Interruption Loan Scheme (CBILS). Is Security Required?

Antony Batty & Company

The Coronavirus Business Interruption Loan Scheme (CBILS). Is Security Required?

The answer, in most cases, appears to be yes. At the very least, it appears that lenders have discretion over the security they require. This can lead to problems at insolvency especially if the security required is a personal guarantee.

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