Rishi Sunak has announced the extension the CBILS scheme to help businesses during the pandemic.
The deadline has now been extended until the 30th November 2020.
If you're thinking about purchasing an asset, now is the time to take advantage of the offering!
Here are the facts: · Lenders are offering Asset Finance deals backed by CBILS on assets from £5,000 to £5 million · Available to profitable business’ 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 · May be eligible even if you have already taken a CBILS loan
Approvals will need to be in place by the 30th November 2020 to take advantage of the offering.
Please get in touch with Scollick Business Finance for more information!