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CBILS deadline is fast approaching!

Writer's picture: Rebecca OsbornRebecca Osborn

The Coronavirus Business Interruption Loan Scheme (CBILS) is due to end on the 31st March 2021!


Lenders are allowing funds to be drawn down after the deadline. If you are looking to purchase an asset in the next few months, or have an order in place, please get in touch now.


Here are the facts:

  • Lenders are offering Asset Finance deals backed by CBILS on assets from £5,000 to £5 million

  • Available to business that have been affected by COVID, who were not in a distress situation prior to the pandemic and who have not taken a Bounce Back Loan (BBL).

  • Business’ will pay no interest or lender fees for the first 12 months of the loan!

  • Available on a range of finance products including Hire Purchase and Finance Lease

  • No personal guarantees are required under borrowings of £250,000

  • You are eligible even if you have already taken a CBILS loan


Applications need to be submitted by the 31st March 2021, to take advantage of the offering.


Please get in touch for more information.



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Scollick Business Finance Ltd is an independent Asset finance broker not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Scollick Business Finance Ltd will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. Scollick Business Finance Ltd is an appointed representative of AFS Compliance Ltd which is authorised and regulated by the Financial Conduct Authority under number 625035.

 

Scollick Business Finance Ltd aims to provide our customers with the highest standards of service. If our service fails to meet your requirements and you would like to report a complaint; please click on the link below;

 

https://www.afsuk.com/asset-finance-solutions/contact/complaints-procedure/

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