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Free legal advice to businesses seeking COVID emergency loans

Posted: 23rd April 2020

Beleaguered businesses in Edinburgh are being offered free help to navigate and to secure Government emergency loans to support their survival through the Coronavirus crisis.

Gilson Gray – in recognising that the process may be complex and costly for many firms, especially during lockdown – will provide free legal advice to businesses which have obtained offers of loans under the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) programme.

The service – the first of its kind to be offered in Scotland – is being made available to the first 100 businesses to call Gilson Gray’s special COVID hotline on 0330 12 45 782.

The CBILS scheme provides financial support to smaller businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. The programme is a part of a wider package of government support for UK businesses and employees. CBILS gives banks a government-backed guarantee for any loan repayments to encourage more lending to SME’s who are struggling.

Managing partner, Glen Gilson, said: “We are delighted to be able to help the first 100 businesses calling our COVID hotline with free legal advice for their CBILS loans.

“We are proud to use our strength and specialist experience to help the Scottish business community through this crisis. Any business wishing to take us up on our offer should ring our COVID hotline on 0330 12 45 782.”

Under the plan, Gilson Gray will provide free legal advice to a business on the loan agreement, first-ranking security and guarantee documents that the bank requires for a CBILS loan. All that the business will pay is third party and registration costs.

Businesses eligible to take up Gilson Gray’s offer will also get a free one-hour “legal health check” with one of the firm’s partners to ensure they are ready for business during and after lockdown.

All of the teams at Gilson Gray are continuing to maintain the firm’s excellent, high quality service to clients, providing a full range of legal services throughout the pandemic.

The firm has also produced a constantly updated set of guides and advice documents on a bespoke COVID crisis #Weareinthistogether page on its website: https://gilsongray.co.uk/category/covid-19/

Gilson Gray has grown to 150 staff across six offices in Edinburgh, Glasgow, Dundee and East Lothian, each of which offers Gilson Gray’s full range of property, legal and financial services.

Established in 2014, Gilson Gray has become one of Scotland’s most prominent property and legal firms, boasting one of the widest service ranges in the country.

Managing Partner Glen Gilson is regarded as one of the leading figures in Scottish law and has been recognised as Managing Partner of the Year twice in the past six years.

For more information on Gilson Gray and the full terms and conditions of this offer, please visit: http://gilsongray.co.uk/

 

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
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