UK SMEs on brink of collapse despite CBILS

Businesses will face liquidity pressures and banks may remain reluctant to offer loans, as questions are raised over the Coronavirus Business Interruption Loan scheme (CBILS).
“The focus of the discussions we’ve been having with clients has been very much on the Coronavirus Job Retention Scheme, where the worry is that it is still not paying people even as we speak,” says Mike Hodges, partner at Saffery Champness. “The theory is that the CBILS would also provide financing