CBILS Loan for a Manufacturing Business

Opportunity:

Production had stopped due to national lockdown. Staff were furloughed and the bank declined to support a CBILS due to operating losses in the previous years.

Approach:

We instructed their accountants to expedite their YE20 accounts which demonstrated a significant increase in trading performance.  We requested they be filed at companies house before submitting an application.

Solution:

After overcoming an issue related to the country of residence for one of the directors, a CBILS loan was offered at a very competitive rate.