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Loan characteristics – Trading over 2 Years
- Limited companies only can apply
- Finance for working capital or growth
- Business assets considered as security if available
- Coronavirus Business Interruption Loan Scheme (CBILS) will usually be considered
- Loan value from £10,000 – £250,000
- Terms and conditions apply
Amount and Term
£10,000 – £100,000 repayable up to 60 months
£100,001 – £250,000 repayable up to 72 months
A fixed & floating debenture taken to typically rank behind existing charge holders.
Personal guarantees required for non- CBILS backed loans