Are you finding it difficult to get the funds your business needs?
Are you struggling to access the loans that might be available to you?
Results from the recent British Chamber of Commerce Coronavirus Business Impact Tracker reveal that most businesses have not yet successfully accessed the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) and the grants for small businesses. It states that 83% of those that have been unsuccessful in their application, say it was because they did not meet the criteria. And data from UK Finance says that only 0.65% of applications have resulted in a CBILS business loan.
If your business needs funds, it may be that asset refinance could be a quicker and easier option for your business.
If your business has assets such as vehicles, plant or machinery, we can potentially use these to raise capital for your business and they may qualify against a CBILS loan which means the first 12 months is interest free.
If you think this could help your business, please call us on 01872 272 900 or email [email protected].