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  • Writer's pictureRebecca Osborn

CBILS deadline is fast approaching!

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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