Guide for SMEs: How to nail your CBILS application in eight steps

first_imgGuide to SMEs_Article image_long[3],This is part of our free series, Guide for SMEs, which aims to provide practical, actionable advice for small food and drink brands affected by the coronavirus crisisIt has been a hot few months since the Treasury rushed to roll out what seemed like a solution to every small business’ cashflow problem during the coronavirus pandemic: the Coronavirus Business Interruption Loan Scheme, or CBILS.As is now well-known, things weren’t as easy as they seemed, with the scheme coming under fire multiple times for its unclear eligibility criteria, demanding personal guarantees and more.And while those issues have since been ironed out, the whole application process – with its multiple detailed steps – might still cause some panic among SME founders.So The Grocer spoke to Atom bank to create a step-by-step guide to nail your CBILS application and secure that much-needed funding.Step 1: Understand what it is you actually want/need“CBILS has been initiated to support businesses through a stage of acute shock,” says David Castling, director of intermediary lending at Atom. “What we mean by this is that under normal, non-Covid circumstances, these businesses would be thriving and accepted by the majority of banks, should they need to apply for finance.”Since the scheme allows businesses to apply for funding based on a proportion of turnover or a company’s liquidity needs, he adds, it is “vital” enough money is applied for by the business to ensure its survival.Step 2: Get some adviceIf you are unclear about what your needs may be or how to secure the funding, speak to someone with a good view of the market.“ An independent broker can guide the business through the best solution and in turn the best lender to meet the needs of the firm,” Castling adds.“A good broker will also be able to help you avoid any potential pitfalls and would evaluate immediately if your potential application would meet the baseline eligibility of both the CBILS scheme and the lending criteria of the selected lender.“We understand that no business seeking finance wants to be turned down, but the only kind of good ‘no’ is a quick one. This will save time and effort on your part and allow you to seek alternative solutions.”Step 3: Preparing for your loan applicationApplications vary from lender to lender, so once again having a good broker will help you make sure you tick all the boxes of the one you have selected.Ensure you have everything you need to support your application before sending it in, Castling recommends.“The more effort put in at this stage, the slicker and speedier the loan application process will be.”Atom, for example, requires businesses to provide the following documents to properly evaluate a CBILS form:Application formCBILS supplementary formALIE (assets, liabilities, income, expenditure)Accounts for the past two yearsUp-to-date management informationConsent to credit searchStep 4: Application submissionOnce you have prepared all the relevant documents, submit them to the lender, which will then review them and carry out a number of background checks on you and your business.Step 5: Agreement in PrincipleIf your business meets all the criteria, you then proceed to the next step and the lender will be able to give a decision on whether they are able to provide you finance.“At this stage we call this an Agreement in Principle,” explains Casting. “This agreement is subject to a suitable valuation being carried out and the completion of all required legal work.”Step 6: Valuation/legal processA qualified valuer will then be instructed to carry out a valuation on your business premises, where they will visit the business and return a valuation figure to the lender for review.Additionally, at this stage, a suitably qualified law firm will carry out the legal work required associated with a loan application.Step 7: Loan offerOnce the business has been valued in line with initial expectations and if the application still meets all other criteria, the lender will be able to provide a full loan offer to you at this stage.Step 8: CompletionAfter completion of all legal work, the lender will liaise with you and your broker to establish the completion date and when the money will be released to you.last_img read more

MSL Soccer

first_imgWhen I wrote this blog, FC Cincinnati had not yet received a notice that they would be the next soccer team to make the Major League of soccer in the United States.  They have all of the rest of the things in order when and if the bid is extended.  The management has picked the West End for their new stadium.  Stargell Field, a high school football stadium, will have to be relocated.Cincinnati Public Schools have agreed on the transfer, and the city council of Cincinnati has allocated money to help build the new stadium.  All the pieces for this project now seem to be in place.  The only thing missing is the bid from the MSL.  Cincinnati feels they are the front runner since their attendance last year was tops in all of minor league soccer.I do not follow soccer that closely, but I think Cincinnati should be a no-brainer in getting the next franchise.  MSL is still dragging their feet.last_img read more

Western Stima on the verge of KPL return

first_img0Shares0000Western Stima players line up for a group photo before a previous National Super League match. PHOTO/FKFNAIROBI, Kenya, Sep 27 –  Western Stima will mark a grand return to the Kenyan Premier League on Friday, just one season after they were relegated, if they beat ‘small brothers’ Coast Stima at the Moi Stadium in Kisumu.Western Stima sit at the apex of the National Super League (NSL) standings with 73 points after 33 matches, seven ahead of second placed KCB who have played a match less and 10 ahead of third placed Nairobi Stima. A win on Friday will take them to 76 points meaning the worst they can finish assuming they lose their final two games of the season is second spot.The powermen have been on a roll and have won all their last five matches, and look destined for a return back to the top tier. Their last defeat was on August 11 when they lost by a solitary goal away to Bidoc United.They have enjoyed a formidable fortress in Kisumu where they have only lost once, to another ‘small brother’ team Nairobi Stima who beat them 1-0. They have won 13 and drawn two and head coach Paul Ogai will be looking to keep the record as fearful as he can.Coast Stima are placed sixth in the NSL standings and have had a checkered record over the last five games, winning two, drawing a similar number and losing one. The two sides drew 2-2 in the first leg in Mombasa.KCB players celebrate Simon Abuko’s goal during a past FKF National Super League match against Nairobi City Stars at the Hope CenterMeanwhile, second placed KCB will be eager not to drop the pot at the doorstep as they have done over the last two seasons and will be at home to the Green Commandos at the Camp Toyoyo turf in an early kick off.The bankers on a run of four wins in five matches have picked plenty of lessons from their failings in the last two seasons where they enjoyed a good campaign only to drop off the promotion race in the dying minutes of the season.“What we have learnt is that every match is won on the pitch and we should have respect for every opponent we face. We can’t underrate anyone and we have to take every game very seriously,” KCB tactician Elvis Ayany told Capital Sport.With four matches left, KCB are 66 points, three ahead of Nairobi Stima and the tactician says they want nothing short of the top two automatic promotion slots.With a weaker goal difference compared to Nairobi Stima, KCB cannot afford to drop the ball with eyes on the prize as the former who are looking for a first ever promotion to the top tier look to take advantage.“We have our eyes fixed on the prize. We have the focus and all the players are motivated by the fact that they are very close to making it back to the league. Green Commandoes is a very good team and we cannot afford to underrate them. We will go into the match with seriousness,” Ayany further stated.KCB interim coach Elvis Ayany watches on during a past national Super League match at the Camp Toyoyo GroundsCommandoes are placed 15th in the standings and look well into avoiding relegation. They awarded a walk over to KCB’s promotion foes Western Stima last weekend, but the Kakamega High School team looks to put that behind their backs on Friday.The first leg played at the Bukhungu Stadium ended 1-0 in favor of the bankers.Meanwhile, Nairobi Stima who have not won over the last three matches will be at home on Saturday taking on Administration Police in a must win tie. A loss will be detrimental to their promotion hopes.Stima are five points ahead of fourth placed Ushuru FC who take on St. Josephs Youth on Friday. The two look to be the most probable candidates to vie for the play-off third place slot.NSL weekend fixtures: Friday: Ushuru v St. Josephs Youth, KCB v Green Commandoes (Camp Toyoyo), Western Stima v Coast Stima (Kisumu).Saturday: Kenya Police v Nairobi City Stars (Naivasha), Migori Youth v Kibera Black Stars (Kisii), Nakuru All Stars v FC Talanta (Nakuru), Administration Police v Nairobi Stima (Camp Toyoyo), Modern Coast v GFE 105 (Mombasa), Kisumu All Stars v Kangemi All Stars (Kisumu).0Shares0000(Visited 1 times, 1 visits today)last_img read more

Rapid growth syndrome in corn

first_imgShare Facebook Twitter Google + LinkedIn Pinterest While scouting corn fields this spring, some farmers in the eastern Corn Belt may have noticed strange looking corn plants with new growth that was yellow and leaves that were wrinkled randomly spread throughout their field. This a phenomenon is referred to as “Rapid Growth Syndrome.” In many areas of our sales footprint weather conditions were such that our agronomists and sales staff observed plants affected by Rapid Growth Syndrome. Corn plants are usually affected by this issue is in the V5 to V6 stages of growth. This phenomenon is usually associated with an abrupt change in weather. Twisted whorls can appear when corn plants shift from a period of slow growth (in cool, cloudy weather) to more rapid growth (warm, sunny weather).Symptoms of Rapid Growth Syndrome include bent-over plants and tightly wrapped whorls that keep younger leaves from emerging. Once younger leaves emerge, they are often yellow but turn green after a few days. In one area Seed Consultants’ staff observed corn plants with leaves that were notched or shredded due to similar rapid growth conditions. This issue seemed more wide spread in 2017 because more areas were affected periods of cooler wet weather followed by warm weather that promoted rapid growth.The important question is, “Does Rapid Growth Syndrome diminish corn yields?” According to Bob Nielsen in his article Wrapped and Twisted Whorls in Corn, “Yield effects from periods of twisted growth caused by weather-related causes are minimal, if any.” Growers who observed twisted whorls and notched or wrinkled leaves in their corn fields this spring should keep in mind that plants will recover from this phenomenon and yields will not be significantly affected.last_img read more

Natural-Language Spellchecker After the Deadline Acquired by Automattic

first_imgA Web Developer’s New Best Friend is the AI Wai… Top Reasons to Go With Managed WordPress Hosting Related Posts Matt Mullenweg‘s Automattic is quickly becoming the new media conglomerate to be reckoned with.The parent company behind WordPress, Automattic has been strategically scooping up hot web properties over the past couple years, from its acquiring Gravatar in 2007 to its purchasing Intense Debate, PollDaddy, and BuddyPress in 2008 and Blo.gs this year. Its latest buy is After the Deadline, a natural-language spell-checking plugin for WordPress and TinyMCE.As Mullenweg wrote shortly after Automattic received nearly $30 million in series B funding, “Automattic is now positioned to execute on our vision of a better web not just in blogging, but expanding our investment in anti-spam, wikis, forums, and more – small, open source pieces, loosely joined with the same approach and philosophy that has brought us this far.”After the Deadline is precisely such a property and continues the Automattic tradition of finding – and sometimes buying – elegant, hard-won solutions to very complex problems. A spring 2009 Y-Combinator reject, the application was developed by newbie entrepreneur Raphael Mudge, who had experience working in the U.S. Air Force Research Lab. Both Mudge and Mullenweg noted that contact was initiated by the blog software magnate read a post and a comment Mudge submitted about After the Deadline to Hacker News.Mudge plans to continue his natural language processing research and expand support to other languages. After the Deadline will remain free (as in beer) for non-commercial use, and, writes Mudge, “We hope to see others build on the service… We’re planning to open source the After the Deadline engine and the rule-sets that go with it. This will be the most comprehensive proofreading suite available under an open source license”The deal was done in July 2009, according to Mudge’s post. Why Tech Companies Need Simpler Terms of Servic…center_img jolie odell Tags:#start#startups 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Curry, Thompson find their touch as Warriors beat T-Wolves

first_imgThe good ol’ standbys did their share of dazzling, too.Klay Thompson scored 28 points with six 3-pointers, Stephen Curry had 22 points, eight assists and eight rebounds, and the Warriors beat the Timberwolves 125-101 for their fifth straight win.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutEven without injured KD, the defending champs began to look like their dominant selves behind another strong defensive performance.“Five guys helping and communicating, talking, it was a thing of beauty tonight,” Curry said of the defense. Golden State Warriors’ Stephen Curry, left, drives the ball up court around Draymond Green (23) during the first half of an NBA basketball game against the Minnesota Timberwolves on Wednesday, Nov. 8, 2017, in Oakland, Calif. (AP Photo/Ben Margot)OAKLAND, Calif. — Steve Kerr will never wish for a star player to sit injured as Kevin Durant did against Minnesota on Wednesday night.The Golden State coach sure saw a lot of encouraging signs from many in his supporting cast to pick up the slack with the NBA Finals MVP nursing a bruised left thigh.ADVERTISEMENT Read Next LATEST STORIES It’s the first time the teams faced off each atop their respective divisions. Only three times previously had they played both with records of .500 or above.“We got humbled tonight,” Minnesota’s Taj Gibson said. “That’s the kind of level we want to get to, the way they’re playing over there.”Thompson shot 11 for 20 overall and 6 of 12 from long range. Omri Casspi added 13 points, three blocks and two steals.Golden State had to overcome another cold start on offense, shooting 8 for 22 in the first quarter — 4 of10 on 3s. Two days earlier in a win against Miami, the Warriors shot 36.8 percent and 11 of 32 from beyond the arc.CAUTION WITH DURANTDurant categorized his injury as “nothing too serious.” He said he hurt the quadriceps muscle the first play of the game against the Heat on Monday.“If this were a playoff game, he’d be playing, but it’s not, so it makes perfect sense to give him tonight off,” Kerr said. “We have a couple more nights before our next game. He should be fine I would think by then.”KD hopes to play Saturday against the 76ers.“Probably, we’ll see,” he said.ATTLES RETURNS Stronger peso trims PH debt value to P7.9 trillion Warriors great Al Attles returned to Oracle Arena one day after his 81st birthday and the entire arena sang “Happy Birthday” during the second quarter as Attles waved and smiled. A former player, coach and general manager of the team — he was part of Wilt Chamberlain’s 100-point game — he had missed a night honoring him Oct. 27.FUNNY MOMENTWhen Kerr announced pregame that Iguodala would replace Durant, he stopped and instructed everyone they could tweet out the news before he resumed the media session.“Is everybody ready to tweet?” he said.Then, he began clipping his fingernails and said the media could let him know when ready to proceed.“Hang on, I’ve got a troublesome cuticle,” he quipped.TIP-INSTimberwolves: Minnesota missed all eight of its 3-pointers in the opening period and its first 11 overall before Nemanja Bjelica hit the Timberwolves’ first make from deep at the 7:24 mark of the second quarter. … The T-Wolves lost a third straight and 17th in 22 on Golden State’s home floor.Warriors: Golden State had its fourth 40-point quarter of the season. … The Warriors blocked nine shots, their 11th time in 12 games with at least seven swats. … Six different bench players scored at least six points, Nick Young with 12 and David West 10. … Young had five assists and four steals. … Golden State had 37 assists.UP NEXTTimberwolves: At Phoenix on Saturday night.Warriors: Look to beat Philadelphia for a ninth straight time overall and sixth in a row at home Saturday night. Kevin Durant out with Achilles injury; to undergo MRI on Tuesday PLAY LIST 03:12Kevin Durant out with Achilles injury; to undergo MRI on Tuesday01:43Who are Filipinos rooting for in the NBA Finals?02:25Raptors or Warriors? PBA players take their pick of NBA champ01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Typhoon Kammuri accelerates, gains strength en route to PH QC cops nab robbery gang leader, cohort Despite more injuries, Celtics beat LA for 10th straight wincenter_img Don’t miss out on the latest news and information. CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA MOST READ Draymond Green posted another balanced effort with seven points, six rebounds, six assists and two blocks for the Warriors, who played without NBA Finals MVP Durant as he nursed a bruised left thigh.Andre Iguodala started in place of Durant, and the 2015 Finals MVP scored a season-high 11 points. The Warriors notched a season-best quarter with 44 points in the third to pull away after leading 51-50 at halftime.“I actually kind of like these games when we have to sit somebody,” Kerr said. “We have so much talent, we can afford to miss one of our main guys. It’s good for the team, it’s good for morale, it’s good for individual development, and it forces the group to play together when you’re missing one of your main guys.”Andrew Wiggins scored 17 points and Karl-Anthony Towns had 16 points and 12 rebounds as the Timberwolves had their five-game winning streak snapped.This marked the first regular-season matchup between the teams after they played a pair of exhibition games in China last month.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Kammuri turning to super typhoon less likely but possible — Pagasa Japan ex-PM Nakasone who boosted ties with US dies at 101 View commentslast_img read more

10 months agoAlex Sandro signs new deal with Juventus

first_imgTagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say Alex Sandro signs new deal with Juventusby Carlos Volcano10 months agoSend to a friendShare the loveAlex Sandro has signed a new deal with Juventus to 2023.The deal is reportedly worth €5m-a-year.”I thank all the people who helped me arrive where I am today,” wrote Alex Sandro on Instagram.“I am very happy to continue being part of the Juventus family.”The agreement puts the full-back in the top 10 for Serie A salaries, on a par with Juventus teammate Emre Can. last_img read more

10 months agoMan City boss Guardiola ponders loan move for ‘awesome’ Sandler

first_imgMan City boss Guardiola ponders loan move for ‘awesome’ Sandlerby Paul Vegas10 months agoSend to a friendShare the loveManchester City boss Pep Guardiola is delighted with the progress of Philippe Sandler.Former PEC defender Sandler was on the bench for this week’s Carabao Cup quarterfinal win over Leicester City.”We were planning to take him on tour for preseason, but unfortunately he came to us with injuries,” said Guardiola.”He has started training again in recent months and I have to say that he played’s awesome with the youngsters. It is not easy if you go back to a second team or a team of youngsters, but he has helped his teammates a lot and that says a lot. “We will now decide what is best for him, for the club and for his future perspective.” TagsTransfersLoan MarketAbout the authorPaul VegasShare the loveHave your saylast_img read more

8 days agoINSIDER: Juventus have beaten Barcelona for Velez Sarsfield teen Matias Soule

first_imgINSIDER: Juventus have beaten Barcelona for Velez Sarsfield teen Matias Souleby Carlos Volcano8 days agoSend to a friendShare the loveJuventus have beaten Barcelona to a deal for Argentine teen Matias Soule.The Velez Sarsfield whiz has been likened to Barca star Lionel Messi.However, local reporter Gianluca Poggi told Calciomercato.it, “Soulé will sign for Juventus at the end of the year. “He’s a good player, left-sided, able to play as a playmaker, but also on the left side. “He has a good technique and a good sense of purpose.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more

The CEO Of JPMorgan Chase Spoke To The Ohio State Football Team Today

first_imgAt Ohio State, head coach Urban Meyer has made it a habit of inviting successful people to speak to his team on topics outside of football. Today, the Buckeyes were joined by Jamie Dimon, the CEO of JP Morgan Chase, and the topic was leadership. Thank you to Jamie Dimon, CEO of JPMorgan Chase, for speaking to the team today on Leadership. pic.twitter.com/UOOACaUCmZ— Urban Meyer (@OSUCoachMeyer) February 12, 2015We know it’s Thursday, but today’s appearance by Dimon appears to go in line with Meyer’s “Real Life Wednesdays” tradition that he’s implemented. Ohio State put out a video about it in the fall.last_img read more