Supporting CIBLS and Bounce Back Customers

Supporting CIBLS and Bounce Back Customers

Supporting CIBLS and Bounce Back Customers

As many are already aware the recent extension to the Recovery Loan Scheme (RLS) means business owners now have a bit more breathing space. However, there are still many businesses struggling to access the RLS.

With the 12-month payment holiday built into CBILS loans, borrowers are now having to start making repayments and finding their cash flow squeezed and recovery hindered as a result.

At Wattsford Commercial Finance, we’re supporting clients with flexible lending facilities that can be used for a wide range of purposes, including:

  • Consolidation – Loans can be used to repay CBILS, Bounce Back Loans over a longer-term, protecting your cash flow.
  • If you’re unable to access the full amount you require through the RLS, we have lenders that can provide a top-up facility.
  • We may be able to provide a shorter-term facility that acts as a bridge for clients in need of urgent funding, such as VAT Funding.
For more information please get in touch