August 07th, 2020

If you are thinking about investing in new equipment, now could be the perfect time to buy with the roll out of the UK government backed CBILS Asset Finance and CBILS Unsecured Business Loans. 
 
Designed to give a shot in the arm to the UK economy in the wake of the Covid-19 economic shutdown, these new Coronavirus Business Interruption Loan Schemes (CBILS) throw a lifeline to UK companies, giving you the opportunity to secure low interest affordable funding and revitalise your business going forward.
 
Boss Plant Sales Ltd is collaborating with Boss Asset Finance who can help with easy and effective access to these CBILS loans, which could fund up to 100% of your purchase (including VAT) at an extremely competitive rate of interest with no interest to pay for the first 12 months.
 
CBILS Asset Finance and CBILS Unsecured Loans offer the following advantages:

• No interest to pay for the first 12 months, the client makes capital only repayments with the Government paying the interest. This results in significantly lower effective interest rates with clients achieving rates in some instances 50% lower than traditional Asset Finance.

 

• The lending is backed by an 80% Government Guarantee to the funder, reducing their risk and in some instances increasing the level of funding they are prepared to extend to a client.

 

• Asset Finance available for New HP, Lease or Sale & HP Back Agreements.

 

• Government Lending criteria is based on a percentage of 2019 Turnover or wages or projected expenditure (self-certified).

 

• No requirement for a Directors guarantee on agreements under £250k.

 

• Multiple Applications can be made.

 
However, CBILS Asset Finance and Unsecured Business Loan applications are only permitted to the end of September 2020 so it is important to move fast.
 
To find out how the scheme could help you make your next purchase, talk to any member of the Boss Plant Sales team (link here).

We will connect you to a Boss Asset Finance broker, who will take you through every step of the CBILS funding process, making sure your applications are correct and dealt with quickly in the most simple and efficient way. ​