As the UK enters its third lockdown, it’s important to know what funding could be available to you via government grants and loans. Fusion Consulting has teamed up with BIZL who can provide company finance under the Government’s CBILS loan scheme.
BIZL are a specialist SME funding broker that has raised in excess of £30m for companies just like yours. They are pragmatic and know how to get the best deals in the market, with minimal admin and headaches.
Many businesses have taken out CBILS loans already, however, given a recent update in government guidance, it is now possible to ‘top-up’ previous loans with a different funding provider up to a maximum of 25% of your last year’s revenue.
It’s unfortunate to hear many of our clients have told us that the loans they took out in mid-2020 are close to being exhausted, and feel that they may need additional finance, please do get in touch and we will work with BIZL to assist you.
Recently we’ve worked with BIZL on the following solutions:
- CBILS loan – £150k to an events company in Watford who has seen no income in the last 12 months and needed a top-up on their existing CBILS of £200k
- CBILS loan – £500k to a property services firm in London who had already raised £1m with their bank, however, they needed additional funds and their bank manager couldn’t help.
- CBILS invoice finance facility – £75k for a wholesaler. Their bank manager struggled to fit this client with their internal policies.
In addition to CBILS funding, we continue to assist many of our clients with accessing the furlough scheme and the other grants and business rate reliefs that are available.
Although the next few months are going to be difficult, we remain confident for a 2021 recovery and are available to discuss any aspect of your business if you need any assistance.
If you would like any more information regarding CBILS or an introduction to our contacts at BIZL please do get in touch.