The Coronavirus Business Interruption Loan Scheme (CBILS) has been operational for over 3 months and we're proud to have supported a number of businesses under the scheme, approving over £1.1m of CBILS facilities. CBILS continues to evolve and there has been a significant change to the scheme. The 'Business In Difficulty' Test that we [...]
We’ve been busy helping customers with CBILS and non-CBILS requests these past few weeks. Because we always manually underwrite every application we can find solutions where others can’t – take a look at some of the ways we’ve been #goingtheextramile recently.
We’re pleased to announce that, as part of our continued growth, we have secured additional funding from Wesleyan Bank. The new facility will enable us to continue to support businesses under the Coronavirus Business Interruption Loan Scheme (CBILS), as well as facilitiating our ongoing growth. Director Andrew Frost commented: “This new facility from Wesleyan [...]
We’ve been busy helping customers with CBILS and non-CBILS requests these past few weeks. Because we always manually underwrite every application we can find solutions where others can’t – take a look at some of the ways we’ve been #goingtheextramile recently.
We've been busy helping customers with CBILS and non-CBILS requests these past few weeks. Because we always manually underwrite every application we can find solutions where other's can't - take a look at some of the ways we've been #goingtheextramile recently.
The Bounce Back Loan Scheme (BBLS) was launched on the 4th May 2020 alongside the existing Coronavirus Business Interruption Loan Scheme (CBILS). This is intended to provide micro and small businesses with the ability to borrow up to £50,000 quickly. However, there are some key features business should understand before applying for a "Bounce [...]
As a family-managed business we understand the huge impact the Covid-19 pandemic and subsequent measures enacted are having on UK businesses; as an SME Finance Charter signatory we are proud to continue to do all we can to support SMEs though these difficult trading times. Full details of all the measures the UK Government has [...]
We continue to monitor the COVID-19 guidance very closely and are following recommendations on health and safety for all our staff. We want you to know that we have a business continuity plan in place and remain very much open for business. We will continue to underwrite each finance request on a case by case [...]
We manually underwrite all our deals so we can overcome issues others dismiss – it pays to speak to experts who go the extra mile. Here are a few of the deals we've been working on this month:
Recent news has highlighted the importance of cash flow to businesses - no matter how big or small, without cash businesses struggle and eventually fail. Even the largest businesses can struggle with cash flow - Flybe recently received government financial assistance (as a strategically important business for regional connectivity) when it became apparent that it [...]
