Invoice Finance under CBILS Scheme for a Manufacturing Business


Client was operating in a buoyant market, but due to the national pandemic larger projects were put on hold and staff were furloughed.


Bathgate were asked to assist in sourcing additional finance and both loans and invoice finance options were investigated.


A mix of facilities were taken, comprising of a selected invoice finance facility with the client not incurring any fees in the first 12 months, and a loan with the client not charged interest in the initial 12 months and capital payments delayed until month 13. No personal guarantees were required.