Business Recovery Loan Scheme As the UK continues on its roadmap to all restrictions being lifted and life returning to normal, many businesses are now starting to open up again and consider the future. There are so many industries that have been affected by the events of the last 12 months so it is important […]
FAQ: CBILS Facilities – Scheme ends 31st March 2021 Is it possible for a lender to Top UP a CBILS loan or refinance one that already is set-up? Would this mean a business can benefit from a new 12 month BIP Period? The UK Government offer BIP to business borrowing money in order to cover […]
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 […]
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 […]
CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME IMPORTANT UPDATE: At Budget 2020, the Chancellor announced that a ‘Coronavirus Business Interruption Loan Scheme’ (CBILS) will temporarily replace the Enterprise Finance Guarantee (EFG), becoming available over the coming weeks. It will operate in a similar way to EFG and be provided by the British Business Bank, but will offer […]
Secured Business Loans FAQ What is a Secured Business loan? To begin with a secured Business loan is a term used to describe a loan which is secured against an Asset. This provides a further level of security to the lender. The asset which can be used to secure a loan can be property, equipment, […]
How much do Bridging Loans cost? Bridging loans are typically short term options which are “interest only” loans. The terms are usually 12 months in length but there are some options of 24 months to the right applicants. There are various types of Bridging loans but the most common is an interest only term with […]
Bridging Loans Explained When you are urgently in need of short-term access to funds, the best available solution for you might be bridging finance. Bridging loans are secured against a property asset and is capable of offering funds while your Business is awaiting property sale or long-term financing. Based on the purpose and criteria, presently, […]
Pharmacy Finance We can help your Pharmacy release up to two times your monthly NHS turnover. If your Pharmacy is looking for some additional funding then a revolving debt facility can provides access to additional working capital. What are the benefits of Pharmacy Finance? Flexible Release a lump sum of cash today. Not only flexible […]
Business VAT Loans Many Businesses are now choosing to use a VAT Loan to ease their cashflow when the VAT bill is needed to be paid. When a business has turnover of over £85,000 it needs to be registered for VAT with HMRC. The business agrees to retain the VAT element on behalf of HMRC […]