CBILS loans from Credo Asset Finance Limited

Borrow £50,001 to £250,000 with nothing to pay for 12

The Coronavirus Business Interruption Loan Scheme (CBILS) is a government initiative to help small UK businesses adversely affected by coronavirus to access finance.
We will handle the application for you and you will get a decision typically in 24 hours. The Government also pays the upfront fee and interest for the first 12 months, helping to reduce the overall cost.

Key Features:

  • Rates between 1.8%-7% APR
  • Terms from 2 to 6 years
  • No personal guarantee required on loans up to £250,000
  • Borrow between £50,001 and £250,000
  • Nothing to pay for 12 months
  • No upfront or early settlement fees

Documents required:
• Business bank statements for the last six months
• Latest full unabbreviated accounts

Who is eligible:
• UK-based business that’s been adversely affected by coronavirus
• Turnover of over £200,000
• Minimum 3 years of trading history
• Over 50% of turnover from trading activity
• Loan is for business purposes
• Loan is primarily for trading in the UK

When taking out a CBILS loan, the business is liable for the full loan amount. The scheme provides a partial guarantee to the lender, not to the business.

 

Contact me today to apply for funding
Claire@credoassetfinance.com

Courtesy of Credo Asset Finance – 22/10/20

 

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