It is fair to say that this year has been a strange one to say the least. Some businesses have really prospered this year whilst others have really struggled. At GRV 4 Fridge Vans we are dedicated to helping our customers and supporting businesses as much as we can. This is why we want to make all our customers aware of the Coronavirus Business Interruption Loan Scheme (CBILS). It is a government-backed initiative to help support the small business community. It enables any SME to apply for funding of up to £250,000.
The scheme is perfect for those who would like to update their refrigerated vehicles, expand their fleet, or diversify the business by introducing a refrigerated delivery service. We know that many of our customers could benefit from some CBILS funding, which is why we spoke directly to NGI Finance in Witney, our recommended supplier of business finance. We understand the importance the CBILS scheme could have on many businesses and believe it is crucial for as many people as possible to be aware of it.
Ultimately, CBILS is a highly flexible scheme designed to help all. If you fit the small business criteria, then it is likely that a suitable finance deal can be sourced. Indeed, many businesses don’t even realise that they can have more than one CBILS finance package, as long as they meet the criteria.
Every business could benefit from additional funding and the key benefit with CBILS is that there is nothing to pay for the first 12 months and the Government will pay the interest for the first 12 months. It could be the perfect business solution for anybody looking for a boost in cashflow.
CBILS is due to finish on 31st January 2021. If you would like to know more then we recommend that you speak to the team at NGI Finance. Please call them on 01993 706403 or e-mail enquiries@ngifinance.co.uk.
