Would your business benefit from a cash injection?

Do you need to get your business to the next level but don’t know how to begin to fund the expansion? Do you need to raise finance for your next project?

If your answers are yes to any of the above, then we have great news! Our close-knit team of finance professionals are on hand and ready to offer expert help.

We can assist you to apply for funding as well as a CBILS loan (expires on the 30th November). We can assess your business and advise what type of funding would suit you best as well as what eligibility criteria needs to be met. We take care of all the paperwork.

Call us to chat about options and understand how we can help you.

What is a CBILS Loan?

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.

The scheme is a part of a wider package of government support for UK businesses and employees. Read more at the Government’s Business Support website.

CBILS has been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access the funding they need.

Importantly, access to the scheme has been opened up to those smaller businesses that would have previously met the requirements for a commercial facility but would not have been eligible for CBILS. Insufficient security is no longer a condition to access the scheme.

This significantly increases the number of businesses eligible for the scheme.

What some lenders are offering

  • Borrow £50,001 to £250,000
  • Rates between 1.8%-7.0%
  • 2 to 5 year terms
  • Nothing to pay for 12 months
  • No upfront or early settlement fee
  • Decisions typically within 24 hours
  • No personal guarantees

Other types of funding

There are other ways to raise finance if you are looking to raise more capital than £250K (or indeed less). The benefit of talking to finance professionals is that we can assist in making sure that your projections and financial records are up to date and accurate, thereby ensuring that the application process is as smooth as possible.

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Connected Accounting Limited | Registered Number: 09617704 | Registered Office : St Albans address below.

London Office : Connected Accounting, 107-111 Fleet Street, Blackfriars, London EC4A 2AB
St Albans Office : Connected Accounting, Fountain Court, 2 Victoria Square, Victoria Street, St Albans, Hertfordshire AL1 3TF

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