When you apply for one of the government’s Coronavirus Business Interruption Loan Scheme (CBILS) loans, we’ll ask for a few pieces of information. If you like, you can get these ready before applying.
Your VAT returns for the last twelve months
You can download these from HMRC and upload them as PDFs.
Your essential costs and cashflow forecast
We need to know your expected revenue and essential costs for the next 3 months. If you’ve already got a forecast document which includes your essential costs, send us that – if not, use this template.
Your debt position
Before we can approve you, we need to know what other money you owe – from other business loans to credit cards. You can fill that out in here.
Your filed company accounts for the last two years
If you don’t have two years’ worth of accounts on Companies House, we’ll just need the closest thing you have to that. For example, one year of accounts. Or if you haven’t filed any accounts for the last 18 months, just send them from the last time you did.
Your management accounts
We’d need these to include a breakdown of your balance sheet and profit & loss over the last year. Ideally it should cover up to 31st Dec 2019 or your latest financial year end (whichever is more recent).
Your bank statements from September 2019 to now
The easiest and speediest way is to link your bank account with Open Banking. If your bank isn’t supported, you can upload them as PDFs.
Ideally, your statements would run from last September to a week before the day you applied. But if that’s not going to be possible, we’ll accept full bank statements until the month before you applied, and a screenshot of your online bank account now (as long as we can see your sort code and account number).
If you’re not sure what’s what, get in touch, we’re here to help.