Car Dealer News 3 Jul
MotoNovo announce CBILS support
MotoNovo Finance has announced it is able to provide additional support to the dealer community as an accredited ‘Introducer’ for the Aldermore Coronavirus Business Interruption Loan Scheme (CBILS).
Car Dealer News 5 Jun
Inchcape £100m loan appears in Bank of England’s COVID-19 borrowers list
Inchcape has appeared in a list of 53 businesses which have borrowed millions of pounds from the Bank of England under the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS).
Car Dealer News 19 May
Car retailers can access £200m Government loans under CLBILS changes
Changes to the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS) will give larger car retail businesses access to a £200 million COVID-19 survival boost.
Car Dealer News 28 Apr
Government offers small businesses £50,000 'bounce back' loans
Smaller businesses could access new Government-backed 'Bounce Back' loans of up to £50,000 “within days”, according to Chancellor Rishi Sunak.
Car Dealer News 3 Apr
Government opens-up coronavirus interruption loans to larger businesses
Car retail groups with revenues of up to £500 million are now eligible to apply for funding from the Government's Coronavirus Business Interruption Loans (CBIL) scheme in a bid to drive support during the COVID-19 lockdown.
Finance 2 Apr
FCA proposes loan repayment freeze for coronavirus-hit consumers
The Financial Conduct Authority (FCA) has proposed a three-month temporary payment freeze on loan and credit card repayments to help consumers cope with the “unprecedented financial shock” triggered by the COVID-10 coronavirus lockdown.
Market Insight 20 Mar
A car dealer's guide to Government coronavirus loan applications
Chartered accountants UHY Hacker Young have prepared a guide to help car dealers prepare applications for Government loans set to help businesses following the COVID-19 coronavirus outbreak.