Do you know about these Government Backed Loans? This week, our managing director Mark Smillie has sent out another one of his insightful newsletters!
“I was speaking with a car dealer last week, and I asked him how business was. He said “Mark I can’t believe it I have never been busier, and it is all high-end cars! Range Rovers are flying out the door, and I’m having trouble sourcing enough.”
I am left thinking I bet they are Bounce Back Loans. I suppose I should not be surprised.
Talking about Government Loans, a senior guy at a finance company was talking to me about CBILS. We spoke about how the loans would be finishing in about 7 weeks. Therefore, his company are expecting a last-minute mad rush of applications. My guess is most businesses will leave it to the beginning of September, when schools go back. It would be so much easier to apply now before the rush, you will probably get a better rate and more chance of success.
Now, how about this for a finance deal? (It is open to virtually all business sectors including the Construction sector!)
A Government Backed Revolving Credit Facility between £50k and £5m.
Your business can get advances against outstanding invoices (including your un-certified applications for payments in the Construction Sector). You collect in the invoices as normal. You borrow the money and the Government pay your interest and service costs, give me a call and I will give you the full details.
One happy client said “This is a no brainer! I get an advance against what I am owed, and it doesn’t cost me anything? Why isn’t everyone doing this?” The truth is most people do not know about it and have misconceived ideas on the CBILS loans.
Why not just pick up the phone and see if you are missing out on anything, what do you have to lose?
Does any of the following apply to you?
- Have you been turned down for a CBILS loan?
- You did not apply for enough on your CBILS loan?
- You would like to clear your current expensive finance and replace it with a CBILS loan with no repayments for 12 months?
Get in touch today, and I’d be happy to discuss your options with you!
Building Development Loans – SECURED AND BRIDGING
This is a specialist area and I believe I have one of the very best specialist brokers of this type of finance in the UK on my team, who will save you a great deal of stress, time and money CLICK HERE
The numbers you need: 0800 612 5364 or 07710 466166″