37 Accountants Somerset and Dorset | Hunts Accountants

News

24th March 2020

Coronavirus Business Interruption Loan Scheme (CIBLS)

Personal Guarantees

I have just received an update that personal guarantees will not be required on Loans up to £250,000.

The loans we be administered by your business bank provider and so you will need to contact them and get confirmation of the facts and there does seem to be confusion over this which will not doubt get clarified as time moves on.

Apologies if I'm adding to the confusion on this.

Very best
Nick Hunt