We can find your Business the loan it requires! Our Director Neil is an experienced Business Loans specialist living in Wigan. As Business loan specialists it is our role to help Businesses understand the complexities of this type of funding product. If your business is based in Wigan we can help you with a Business […]
What is the Coronavirus Business Interruption Loan Scheme (CBILS)? Firstly CBILS (often misspelt as CIBILS) is a scheme that can provide facilities of up to £5m for smaller businesses across the UK. It is for businesses who are experiencing losses or deferred revenues, leading to disruptions to their cashflow. CBILS supports a wide range of […]
CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS) CBILS Manchester – IMPORTANT UPDATE: At the Budget 2020, the Chancellor announced that a ‘Coronavirus Business Interruption Loan Scheme’ (CBILS) will temporarily replace the Enterprise Finance Guarantee (EFG). CBILs will operate in a similar way to the EFG and be provided by the British Business Bank, but will offer […]
We are Invoice Factoring Brokers in Wigan Our Director Neil is an experienced Invoice Finance broker living in Wigan. It is our role to help Businesses understand the complexities of this type of funding product. If your business is based in Wigan we can help you with Invoice Factoring. What is Invoice Factoring? To begin […]
How to Convert my Bounce Back Loan (BBL) to a Coronavirus Business Interruption Loan (CBIL) How to convert a Bounce Back Loan to CBILS? Firstly at the outset of the Coronavirus Pandemic many businesses opted to take out a Bounce Back Loan due to the urgent need for immediate cashflow. At the time Bounce Back […]
We all know that the last few months have been tough for many industries. Even businesses that have been able to trade through lockdowns and restrictions have found that income is decreased. This is partly due to the need for their services has lessened. The good news is that you can now Top up your […]
How to apply for the Coronavirus Business Interruption Scheme? Throughout 2020 and continuing into 2021 many small businesses have been affected by coronavirus. With forced closures, national lockdowns and people spending less, many businesses have seen their income decline over recent months. To offer a level of support, the government announced the Coronavirus Business Interruption […]
If you are a user of Invoice Finance (Factoring / Discounting) then this is a must read. CBILS Invoice Finance could save your Business Thousands – but only until the 31st January 2021 What is CBILs? Firstly CBILS stands for “Coronavirus Business Interruption Loan Scheme” which is provided by lenders accredited by the British Business […]
Over at All Star Funding Solutions we try to work with some of the best lenders in the UK. We have partnered up with a new Bridging Loans provider who is leading the sector with their high Loan to Values (LTVs) against property. What are Bridging Loans? Bridging Loans are short term loans which are […]
You can now apply up to the end of March 2021 for CBILs. Great news! The Coronavirus Business Interruption Loan Scheme (CBILS) has just had an extension (again). The CBILs scheme was due to end on the last day of January 2021 will now continue until the end of March 2021. For many Businesses this […]
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