Coronavirus Business Interruption

Asset Finance & Loans

(CBILS)

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    Government-Backed Business Funding

    Take advantage of the government-backed CBILS asset finance & loans scheme, where the government pays the first 12 months interest. To be eligible you must be a UK registered company with a minimum of 2 years trading history.

    CBILS Asset Finance

    • Government pays first 12 months interest
    • 12 months’ ZERO payments available
    • Finance assets from £5,000 – £5million
    • Up to 6 years, Lease, HP & Refinance
    • No personal guarantees up to £250k
    • Low Interest rates
    • Credit decisions typically within 48 hours

    CBILS Loans

    • Government pays first 12 months interest
    • 12 months’ ZERO payments available
    • Borrow from £50,001 – £500,000
    • Up to 5 year terms
    • No personal guarantees up to £250k
    • Low interest rates and no fees
    • Credit decisions typically within 48 hours

    Hurry and apply before the deadline

    The deadline for the Coronavirus Business Interruption Scheme (CBILS) has been extended until 31st of March 2021

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    What is the Coronavirus Business Interruption Asset Finance & Loan Scheme?

    The Coronavirus Business Interruption Loan Scheme (CBILS) is a government-backed finance solution. If your business has been affected by the pandemic, boost your working capital with a CBILS loan, or invest in new equipment with CBILS asset finance.

    The government pays the interest for the first 12 months, terms up to 6 years available and low interest rates, talk to us today.

    Am I Eligible?

    To be eligible for a CBILS loan or asset finance solution, you must be a limited company that has been trading for a minimum of 2 years. We also require your business has a turnover of over £200,000 with over 50% of that turnover is from trading activity. Other eligibility conditions apply. One of our advisors will discuss these with you.

    What if I already have a bounce-back loan (BBILS)?

    The rules set out by the British Business Bank state that you cannot hold a CBILS and BBILS loan at the same time. If your CBILS application is approved, you will be required to settle your BBILS loan.

    If you are unsure whether your business is eligible for CBILS, please contact us on 01420 481 500. Our friendly advisors are here to help.

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    Providing financial help & stability for UK businesses during the COVID19 pandemic. Our quick, competitive and professional finance solutions can help, speak to our friendly team on 01420 481 500.

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