Independent CBILS funding for your business

26 Jul 2020

Business

Since the beginning of May, Bathgate Business Finance has written close to £4 million worth of deals on the Coronavirus Business Interruption Loan Scheme (CBILS), many of those for businesses that could not secure finance through traditional means.

Bathgate Business Finance are an approved intermediary for a number of independent CBILS funders and are able to help eligible SMEs navigate the relevant loan application processes quickly and efficiently, and by completing the applications on your behalf, we are giving it the best possible opportunity to succeed.

In the past four weeks Bathgate Business Finance have secured funding for 25 businesses across the region, from a variety of sectors.

To be eligible for the CBILS loan, your business must be UK-based with a turnover of less than £45 million, with more than 50% of that coming from trading activity, rather than investments.

As well as having been adversely affected by the coronavirus, the loan should primarily be taken for business purposes and activity in the UK. If you are not eligible for a CBILS loan, there are still other options that the team can advise you on. Find out more here or call 0151 6257323