How we can help existing and new clients?
Funding11 has relations with lenders involved in the Coronavirus Business Interruption Loan Scheme (CBILS), supplied by the British Business Bank. We also have access to other lenders, during this time which can provide the business loans. The Coronavirus Business Interruption Loan Scheme (CBILS), supplied by the British Business Bank, is now available to assist small and medium-sized companies in accessing up to 45 Million turnover funds.
Funding11 partnered with the major lenders to understand exactly what details they need to approve your application. We will help you with all the details your lender needs, in the format, they need to process your application quickly. We want to make sure that your proposal maximises the Government’s support. We have work knowledge of the financial institutions in the scheme. We will help you draw up a business plan to achieve the repayments that would be appropriate to the lender.
Protection would include certain loans over £250,000 backed by the CBILS. We can help you negotiate with your Lender the structure of this security and its interaction with existing facility providers to ensure that your exposure is minimised to the extent practicable, especially about Personal Guarantees. We understand that you may have stressful things to handle in your company and that is why we will manage a lot of this phase to free up your time for you.
We will apply on your behalf to lenders as defined by the British Business Bank. Demand is expected to be high to take longer to process applications without well-considered proposals and detailed supporting details, please include all necessary documentation and a written proposal with this in mind CBILS funding requires you to be able to prove that if it were not for the COVID-19 pandemic, the lender would consider your application for funding workable. To be successful, a clear case with supporting information will need to be set out to lenders.
If you are awaiting the outcome of a CBILS application and you have a more urgent need for funding, or you are not receiving government help, please do not hesitate to contact Funding11 to explore more options available.