To date only c.5000 loans have been approved and drawn via this flagship scheme. Many others have been declined, whilst other remain “in limbo” as the Banks seek more information or get caught up in a queue of pending cases.
There are around 50 CBILs accredited lenders and partners. Some of these specifically seek to help businesses that have been declined for loans, whilst there are others who will be out to win new businesses that are viable in the longer term.
Key Commercial Finance may be able to help you. We keep our knowledge of the various options up to date, and can help you prepare a “bank ready” package to reduce or avoid the back and forth routine often associated with these loans (and many others for that matter).
If your loan has been declined, we can look for alternatives. We can also help you demonstrate the long term viability of your business and make it more likely that your loan will be approved.
So please give one of our team a call or drop us an email for an initial, no obligation discussion on the options that might be available to you.