Alternative Finance -
CBILS Facility for a firefighting equipment supplier
Opportunity:
With a national lockdown in place due to COVID-19, production stopped which affected both turnover and profits.
Approach:
Introduced by their bank RM who sought an alternative CBILS solution that was less onerous and quicker than the banks’ offering.
Solution:
A CBILS facility was offered by one of our independent CBILS funding partner at a very low APR in 24 hours, the client had the funds in their account two days later.