As the UK is dealing with a countrywide lockdown, many companies will struggle with their financials. That’s where Capitalise.com’s new solution comes in.
The FinTech has unveiled a single point of access Coronavirus Business Interruption Loan Scheme (CBILS) application platform to make it easier for small businesses to apply for government-backed loans.
The news comes after chancellor of the exchequer Rishi Sunak revealed the government support package for businesses.
Capitalise.com’s new platform will empower both businesses and their accountants to compare, apply and access funds from the approved lenders on the government scheme to help reduce the financial consequences of the coronavirus outbreak.
Moreover, Capitalise.com has also launched a centralised support hub that offers free resources and advice, to help give small businesses and their advisors financial confidence in times of uncertainty.
“We’ve built these services with the aim of providing all the necessary support and information SMEs need to help them weather the storm,” said Paul Surtees, CEO and co-founder at Capitalise.com.
“Coupled with the declining number of physical bank branches, the current situation places the utmost importance on accountants being able to provide the information needed by SMEs. Ultimately, peoples’ health is what’s most important, so hopefully, by helping take care of finances, business leaders will be able to focus on what matters most without distractions.”
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