Government Backed Loans have been extended again to 31 March 2021. If you were considering applying for the Coronavirus Business Interruption Loan Scheme (CBILS), act now to secure your business’s cash flow and ease your stress over the Christmas period.
Many businesses are accessing loans with an aim to hang onto the cash in case they need it in this uncertain climate.
To minimise the disruption to your business, work with PMD to access the finance you require to navigate your business through the next year. Even if you have already utilised one CBILS facility, you can still drawdown on a second CBILS facility before the time is up.
It is interesting to see the comparison of applications to approvals of CBILS. To date, 82,618 of CBILS facilities have had approval against the 186,522 CBILS applications. It is evident that many SMEs have yet to secure a CBILS facility despite there being much demand. PMD can help you access the whole of the market to fully explore all your options.
Take advantage of PMD’s fast track application service
Decisions can be made within days and money released shortly after acceptance is confirmed.
For more information on CBILS and how it works, take a look at the British Business Bank website.
Get in touch with one of our expert team today! We’re happy to talk you through it by calling 0161 633 2548.
About PMD
Since starting in 2010, PMD has grown significantly and is now lending over £150m each year to UK businesses. The company operates, both directly with clients and through suppliers of business assets. Our team consists of dynamic personnel with experience help to support the growth of the business. Additionally, this ensures we continue to offer the highest levels of service and flexibility. Retention is our primary objective; with many clients confident in allowing PMD to source and manage all their business finance needs. When clients have any queries relating to finance, they will know PMD appreciate the importance and fast paced nature of their business and will offer the right advice, first time.
For financial support and services, check out our website.
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