Conister Bank has set aside £10m to provide funding for businesses.
The bank is a participating lender for both of the government-backed schemes, Isle of Man Disruption Loan Guarantee Agreement (DLGA) and the Coronavirus Business Working Capital Loan Agreement (WCLA).
The Isle of Man Government has agreed to extend its support of both schemes until March 31.
Douglas Grant, managing director said: ‘We have spoken to many local business owners, existing and new customers, who are overwhelmed and concerned with the impact financially associated with Covid-19.
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‘Working in partnership with the government-backed schemes has allowed us to help provide these business owners with an urgent, affordable cash flow provision which can be the difference between make or break.
‘Many people have never experienced or planned for this situation and we want to reassure the community that we’re here to help you and your business through this difficult time.
‘If you have been affected financially by Covid-19 or simply wish to understand whether you qualify for a working capital loan, we’re here to help, please get in touch.’
For more information call 694694 or email your query to [email protected].
Alternately, you can visit www.conisterbank.co.im