The government has published the latest loan scheme data revealing that, to date, UK businesses have benefited from over £14 billion in loans and guarantees, with the Coronavirus Business Interruption Scheme (CBILS) accounting for over £6 billion of this figure.
Credo have been successful in helping some of our customers cut through the red tape and secure these much-needed funds. We act as a broker, meaning that not only do we take care of the hard work and paperwork, successful applicants receive the full amount of the loan.
Many people are unaware that there are a number of different scheme options available, including the heavily advertised loan facility which does not require security or guarantees through to another alternative of raising funds by refinancing existing unencumbered business assets.
If you need our help to apply, then we’re able to facilitate sums from £50k to £250k that can support you, your business & its cashflow through the coming weeks & months. The refinance facility includes an interest free period of 12 months, can be repaid over a term of up to 60 months, and includes the flexibility of no settlement penalty should cashflow allow.
This can cover –
– Unencumbered equipment within the business such as wheeled, construction & machinery
– Currently financed equipment with less than 12 months to run
– Equipment purchased for cash in past 3 months
Courtesy of Credo Asset Finance – 15/05/2020