05/05/2020
Good Afternoon from Inspire Asset Finance - GOVERNMENT SUPPORT FOR YOUR BUSINESS
I would like to offer a facility that in current market conditions may be of assistance to clients who are struggling with the process and finding difficulty in presenting loan applications.
For transparency No Fees are charged up front a 2% Fee is only payable when client who has been accepted is in receipt of funds.
Our long established colleagues will provide you with your own dedicated account manager who will hold your hand every step of the way.
Our Customer Care Team will assist with all packaging requirements and will be sure to engage with you regularly in an open & transparent manner.
Our extensive lending panel enables us to offer customers a variety of funding options. Below we list just a few different options/services available;
Government-backed CBILS loan
● Loans from £25k- £5m | No Personal Guarantee | Interest-free for 12 months |Minimum annual turnover £100k | No upfront fees, only a 2% Broker fee, payable once you receive the funds
Government-backed Bounce back loan
● Loans from £2k- £50k | No Personal Guarantee | No repayment or interest for 12 months | Minimum annual turnover £30k | No upfront fees, only a 2% Broker fee, payable once you receive the funds
Revolving Credit Facility
● Low rate of interest (2.28%) monthly on used funds | Weekly Interest only payments | Can repay the capital at any time | No early repayment fees | Can reuse capital previously paid |
Asset Finance
● Borrow against machinery, tools, property or vehicles | Tax-efficient | Fast turnaround
We have lenders who are backed by the government Enterprise Finance Guarantee (EFG) scheme, and in light of the Covid-19 outbreak the scheme is being temporarily replaced by the Coronavirus Business Interruption Loan Scheme (CBILS). It will operate in a similar way to EFG and be provided by the British Business Bank, but will offer more attractive terms for both businesses and lenders, with the aim of supporting the continued provision of finance to UK businesses during the Covid-19 outbreak. The government backed lender offers terms from 12 months to 60 months and the first year’s interest will be paid by the government.
Call Inspire Asset Finance now on 01622 209875 or [email protected] to let us know your needs