As we enter the final few days of CBILS (Coronavirus Business Interruption Loan Scheme), we are expecting a last push from wholesalers to apply for business funding. We have seen quite a large increase in enquiries from companies looking to bolster their stock in anticipation of consumer demands as lockdown continues to be lifted.
Recently, we have assisted a pharmaceutical wholesaler with a CBILS to bolster their stock in order to fulfil their already full order book and to also cover their stock levels for future months. Another CBILS was arranged for an electrical wholesaler to again bolster stock level in anticipation for the demands of the coming months.
The only downside is that the CBILS scheme will expire on 31st March 2021 so we are urging all wholesalers in need of business finance to act quickly before it is too late. To find out more please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.