The impact of Covid19 has affected the cashflow of many UK businesses. The Coronavirus Business Interruption Loan Scheme (CBILS) is available to support small and medium sized businesses access funds. If you need help to access emergency funding, our CBILS Support Service can help.
Helping small businesses during a national crisis
We want to be 100% clear; you can access CBILS funds by approaching your lender directly. However, if you need to get your CBILS application processed efficiently, or if it has been rejected by your lender, our CBILS Support Service is there to help.
Our CBILS Support Service is available if your business has been hit by lack of resource in your finance department, you are not confident in making an approach to your lender, or your application has been rejected and you wish to appeal or approach other lenders.
If you need help with your CBILS application, here’s some of the support our CBILS experts can offer:
As required by lenders, we can make sure your plan maximises the support offered by the government. We have a working knowledge of the Coronavirus Job Retention Scheme, VAT deferrals, Time to Pay arrangements, rates relief and other initiatives.
We can advise you on the revenue deferrals and cost mitigations that lenders consider reasonable and acceptable when presenting your projected cashflows as part of a robust financial model.
We can help you set out a business plan that demonstrates affordability to the lender and gives you peace of mind.
For loans over £250k, we can help you negotiate the structure of security with your lender and its interaction with existing facility providers to make sure that your exposure is minimised as far as is practicable particularly in relation to Personal Guarantees.
We can manage much of the CBILS application process for you allowing you to focus on running your business.
Important things to consider
We recognise that these are very stressful times for businesses, and we want to help, but we must be a viable business ourselves to do so.
We are offering to help with your CBILS proposal in return for fees as follows:
There is only one all inclusive fee and no other fees or charges.
We will ask for a Commitment Fee of 10% of the projected Introducer Fee. This fee must be paid in advance of commencing work on your proposal. Introducer Fees are reduced by Commitment Fees already paid.
Our minimum Introducer Fee is £2,500. We do encourage those applying for loans of less than £50,000 to explore the support that your Lender can offer in the first instance, although we are happy to help if your requirement is greater than £50,000 and our minimum fee is acceptable to you.
If you would like Skylite Group to help your business access funds under the Coronavirus Business Interruption Loan Scheme (CBILS), please click the button below to complete a small survey.
A member of our team will endeavour to discuss your requirements within 48 hours of submission.
We have access to much larger funding if your business needs more than £50,000.The CBILS loans facility gives you the means to borrow up to £5 million.If this is the size of loan that your business needs, then we can help you get it, start you application click the button below.