Seb Miles, Managing Director, Woodsford RxBridge

CBILS
applications
now open

Woodsford RxBridge have partnered with the British Business Bank and are now an accredited lender for the Coronavirus Business Interruption Loan Scheme (CBILS).

Eligibility

Your business must:
  • Be UK-based in its business activity
  • Have an annual turnover of less than £45 million
  • Have a borrowing proposal which would be considered viable, were it not for the current pandemic
  • Self-certify that it has been adversely impacted by the coronavirus (COVID-19)
  • Must not be a ‘business in difficulty’ under state aid rules

 

Funding requirements

You need to establish:
  • The amount you would like to borrow
  • What the money is for — we will need to check that it is a suitable business purpose and the right type of finance for your needs
  • The period over which you will make the repayments — we will assess whether the ‘top- up’ or ‘term loan’ is affordable for you

Talk to a pharmacy expert about CBILS today.

Book a free consultation with one of our experts.

"One of the biggest challenges that pharmacy businesses face right now is cash flow. There is a huge demand to source medication and we’re seeing wholesale prices increasing as there is a greater demand on supply.

The absolute priority for all pharmacy businesses is to look after their customers and patients, and so that's where their focus should be."

ChiChi Osemwegie, Manager, Woodsford RxBridge

Register your interest

If your pharmacy business meets the above eligibility and funding requirements and would like to apply for a CBILS backed loan through Woodsford RxBridge, then please register your interest here and a member or our team will get in touch.

Please note that a business cannot have both a CBILS facility and a Bounce Back Loan Scheme (BBLS) facility. If you have already obtained a BBLS facility, then this would need to be refinanced should you wish to obtain additional funding via CBILS.

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