Despite the gloom surrounding the Covid-19 lockdown, now might be the best time ever to invest in new assets.
If you’re looking to buy new welfare, toilets or storage, our sister company Boss Asset Finance can help you access the new Government CBILS scheme which could fund 100% of your purchase including the VAT at a fantastic rate of interest.
The Coronavirus Business Interruption Loan Scheme (CBILS) is designed to offer support to firms needing to access funding in these turbulent times. CBILS offers both Asset Finance and Unsecured Business Loans. In both cases, there is no interest to pay for the first 12 months, and the funder is covered by a Government-backed 80% guarantee to help secure the loan. In addition, there is no requirement for a Directors Guarantee on agreements under £250k.
What this means in effect is that if you are looking to buy new assets, a combination of CBILS Asset Finance and a CBILS Unsecured Loan could release finance to cover the full value of the asset including VAT. With the first 12 months interest being paid by the Government, this means that you could slash your effective finance costs, often at interest rates lower than you are currently achieving.
Boss Asset Finance will take you through every step of the CBILS funding process, making sure your applications are correct and dealt with quickly in the most efficient, simple and effective way.
At present, no one knows how long the CBILS deals will be available so it’s wise to move fast. To find out how the scheme could help you, ask a member of our Boss Cabins Sales Team who can link you up with a Boss Asset Finance broker. Or contact Boss Asset Finance direct on 03330 948588, email info@bossassetfinance.co.uk or visit their website to chat online.
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