Have you been unable to access business funding via the CBILS? We have an introductory relationship with one of the UK’s largest independent finance brokers who may be able to source an alternative finance solution to keep your business running.
We are finding that many of our clients are struggling to secure the funding they need from their bank in the current crisis. This may be due to not meeting the qualification criteria, or simply not having the time to wait for an answer.
Business funding alternatives
Whilst we’re more than happy to support clients with any funding proposals and provide cash flow forecasts etc. required by the bank under CBILS, we have also started to explore alternatives for you as a back-up option.
These business funding options include:
Raising money against existing assets or reducing your current finance commitments with interest-only refinance packages.
Unlocking crucial funds tied up in outstanding invoices and payments due from slow payers.
Temporary or emergency loans to support working capital requirements.
The response time from our independent provider is comparatively quick and the process (from application and offer to cash being received) could be completed in as little as 7-10 working days. In these times of uncertainty, we believe you will find their consultative approach a refreshing change to other options out there.
Once again, we would like to reassure you that we are here to support you during these challenging times.