CBILS. BBLS. To me these always sound like Ceebils and Bobbles — characters in a children’s TV show.
But you know they’re not, of course, and that respectively they are the acronyms of the Coronavirus Business Interruption Loan Scheme and the Business Bounce Back Loan Scheme, the government’s emergency lending measures to try and help businesses get through the coronavirus crisis. They replaced the earlier Enterprise Finance Guarantee scheme.
If you or your clients need to know more about these schemes, then I recommend Steve’s piece — it’s the clearest and most helpful explanation I have yet come across of how the schemes work and their pros and cons.