A specialist cleaning and play equipment firm is the latest South West business to benefit from a Coronavirus Business Interruption Loans Scheme (CBILS) loan through SWIG Finance.
Totnes- based Play Area Hygiene Services (PAHS) is recognised nationally as specialists in the provision, installation, maintenance and cleaning of play area equipment.
The £80,000 loan, supported by Triodos Bank, has given the business the vital working capital it needed to cover the period during which its trade has been interrupted by the COVID-19 outbreak.
Over the last 22 years, PAHS has built up a well-established international customer base which boasts a number of prominent clients. However, as with many other businesses, COVID-19 brought a sudden halt to its order book.
The downtime has enabled the business to launch a new service – COVID Cleaning. PAHS is currently the only firm in Devon which can provide an anti-Coronavirus deep cleaning service that is insured, fully risk assessed and 100% compliant.
A new fogging machine means they can now effectively disinfect large areas of surfaces – and reach a wider customer base such as schools and other businesses.
SWIG Finance Business Manager, Rachael Taylor, commented “Play Area Hygiene is a great example of a business which has shown resourcefulness by rapidly adapting to huge market changes. Their COVID Cleaning service will support other businesses by helping them to reopen safely and provide peace of mind to their customers. I’m delighted we are able to support their business continuity”.
Business Owner Elliott Myatt said “We are grateful for the support of SWIG Finance, and particularly of our business manager Rachael Taylor. Rachael assisted us throughout the application process and the funds were released quickly”.
Matt Boggan, Senior Relationship Manager at Triodos Bank UK, who provided backing for the loan, added: “Making money work for positive social, environmental and cultural change is central to the bank’s ethos. Key to this is providing finance to help start-ups and growing businesses fulfil their potential, as these enterprises really have the ability to transform a community.
“We’re proud to be supporting SWIG, alongside another likeminded organisations. Its aim to make finance more accessible and inclusive aligns closely with our own values.”
About SWIG Finance
SWIG Finance provides loans from £25,000 to £250,000 to South West SMEs who cannot access sufficient support from their bank.
We are an accredited delivery partner for the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS).
If you are a viable business but your cash flow has been disrupted, or if you have lost revenue, get in touch with our friendly and professional team to find out how we can help: info@swigfinance.co.uk / 01872 227 932.
Alternatively, for more information, visit https://www.swigfinance.co.uk/coronavirus-business-interruption-loan-scheme-cbils/