Local Yorkshire business Xander Wealth Commercial Finance have today announced they are offering a broker service to businesses needing emergency funding up to £5M through the Coronavirus Business Interruption Loan Scheme (CBILS)
“Many businesses are in a state of panic & confusion about imminent finance and cash flow challenges. We aim to offer business owners clarity on how they can access the Coronavirus Business Interruption Loan Scheme (CBILS), help them understand if they meet the criteria and get the best solution in place to provide them with the emergency funding they need” said Kristian Wilkinson – Director
The Scheme is a government backed initiative to support businesses borrow money during the Caronavirus pandemic. It offers eligible businesses up to 12 months payment holiday & 12 months interest free, with repayment terms up to 6 years.
Furthermore no personal guarantees for loans under £250,000 & zero lender application fees to help make the loans more accessible to business owners.
Xander Wealth will assist businesses in making the right choice on which lenders to approach and give the best deals. For more information visit their website: https://xanderwealth.com/