BBLS – 12 month payment holiday on up to £50,000
Were you considering buying a machine before the Coronavirus pandemic hit? Has the pandemic disrupted your business to the point where you can’t invest?
Would a new machine help during these difficult times?
Buy and install now, pay back in 12 months over 5 years at 2.5%
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access very low cost finance quickly during the Coronavirus outbreak.
Features:
- The government will guarantee 100% of the loan
- No fees or interest to pay for the first 12 months.
- After 12 months the interest rate will be 2.5% a year.
- No Security required, no directors or personal guarantees.
- No penalty for paying loan off early.
- Min amount £2,500
- Max amount 25% of turnover or £50,000
Eligibility
You can apply for a loan if your business:
- Is based in the UK
- Was established before 1 March 2020
- Has been adversely impacted by the Coronavirus
- A simple online form with 7 questions will give you an instant decision and the money should be in your bank within 48 hours.
For more information on the loan this government website helps. www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan
Or you can contact any of these lenders direct. www.british-business-bank.co.uk/ourpartners
If a new machine would help the business recover from any business disruption caused by Coronavirus, this loan is an ideal way of getting the machine now rather than waiting until all this is over.
TDT Machine Tools have machines in stock for quick delivery.
Feeler VMP-30 Vertical Machining Centre – Click Here for Information
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