CBILS

• New government scheme providing a range of Business Finance
  products to smaller businesses affected by the Coronavirus
• Johnson Reed has access to finances between £50k and £250k
• The scheme provides our panel of accredited lenders with a
  government-backed guarantee, potentially enabling Johnson Reed to
  provide finance facilities to SMEs to support investments in new and
  used assets

• Loan (up to £250k, 60 months & no payment/interest & capital for 12 months, from 3%)
• Asset/ equipment Finance (from 2.01%)*
• Asset Re-finance (from 2.01%)*
• Invoice Finance
• *Government-backed

  This is in addition to any CBILS loan provided by your bank

1. Customer identifies finance requirements
2. Johnson Reed proposes deal
3. Lender underwrites deal
4. Conditional offer subject to CBILS criteria
5. Customers signs the agreement
6. Funds released

• The borrower remains liable for 100% of the outstanding balance, regardless of the presence of the guarantee
• If the borrower defaults on the facility (fails to make repayments as and when they fall due), the lender is entitled to seek to recover the full amount

• Minimum 2 years trading
• UK based business activity with annual turnover of no more than £45m
• Application must be for business purposes
• Business must generate more than 50% of its turnover from trading activity
• CBILS-backed facility will be used to support primarily trading in the UK
• Borrow between £50k and £250k
• Finance terms between 24 and 60 months
• Business not in financial difficulty prior to the COVID-19 outbreak
• Agreement types considered: loans, hire purchase, lease finance and asset re-finance

• Last 2 years’ full accounts (full set, not abbreviated)
• Last 9 months’ bank statements (Minimum of 270 days, in PDF format)
• Names, date of births and full home address of all directors with shareholding of 25% or more
• Details of how much you want to borrow and repayment period

For more information check out our blog post.

• New government scheme providing a range of Business Finance
  products to smaller businesses affected by the Coronavirus
• Johnson Reed has access to finances between £50k and £250k
• The scheme provides our panel of accredited lenders with a
  government-backed guarantee, potentially enabling Johnson Reed to
  provide finance facilities to SMEs to support investments in new and
  used assets

• Loan (up to £250k, 60 months & no payment/interest & capital for 12 months, from 3%)
• Asset/ equipment Finance (from 2.01%)*
• Asset Re-finance (from 2.01%)*
• Invoice Finance
• *Government-backed

  This is in addition to any CBILS loan provided by your bank

1. Customer identifies finance requirements
2. Johnson Reed proposes deal
3. Lender underwrites deal
4. Conditional offer subject to CBILS criteria
5. Customers signs the agreement
6. Funds released

• The borrower remains liable for 100% of the outstanding balance, regardless of the presence of the guarantee
• If the borrower defaults on the facility (fails to make repayments as and when they fall due), the lender is entitled to seek to recover the full amount

• Minimum 2 years trading
• UK based business activity with annual turnover of no more than £45m
• Application must be for business purposes
• Business must generate more than 50% of its turnover from trading activity
• CBILS-backed facility will be used to support primarily trading in the UK
• Borrow between £50k and £250k
• Finance terms between 24 and 60 months
• Business not in financial difficulty prior to the COVID-19 outbreak
• Agreement types considered: loans, hire purchase, lease finance and asset re-finance

• Last 2 years’ full accounts (full set, not abbreviated)
• Last 9 months’ bank statements (Minimum of 270 days, in PDF format)
• Names, date of births and full home address of all directors with shareholding of 25% or more
• Details of how much you want to borrow and repayment period

For more information check out our blog post.