CBILS backed invoice finance
Are you looking for CBILS backed invoice finance for your business?
Invoice finance has traditionally been one of the best ways that SMEs can help boost their cash flow.
The British Business Bank has included invoice finance within their Coronavirus Business Interruption Loan Scheme (CBILS), which will help SMEs facing unchartered territory in this post pandemic environment.
Giving funders a Government guarantee for a majority of the facility has made aforementioned funders more comfortable with lending to SMEs, meaning that they do not have to shoulder the risk alone.
This same guarantee also enables funding of up to £250,000 without asking for a personal guarantee (PG) or additional security.
The Funding Store have access to CBILS accredited funders who can provide invoice finance facilities of up to £5m, with some of those same funders offering terms loans of up to £500k, for customers who take an invoice finance facility with them.