Following the news that the Government have extended the closing date of the Coronavirus Business Interruption Loan Scheme (CBILS) from 30th September to 30th November, there has once again been a huge demand for business finance deals. Lenders are predicting that the next 6 weeks could see a huge increase in the number of applications, especially as it is unlikely the scheme will be extended again.
Here at NGI we have access to over 10 different CBILS lenders and all of their feedback has been the same, “we recommend you tell your clients to start applying soon before it is too late”. Fortunately, the application process is very straightforward, all you need to do is arrange a telephone call with our team and we can take care of the rest, it really is that simple.
CBILS has been a huge success story for many businesses and they are reaping the benefits of having a boost in cashflow, whilst also not having to worry about making any repayments for the first 12-months. If you think you might be in need of some financial help in the New Year then why delay?, Take advantage of this government-backed scheme before it’s too late.
If you have any questions or would like to discuss how you can benefit from CBILS please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.