Last call for CBILS Bridging Finance!

Posted by Positive Commercial Finance on 24th March 2021 -

We have until the end of this month to submit applications for CBILS Bridging Finance facilities, which are specifically aimed at SME's who are losing revenue and have had cashflow disrupted by the Coronavirus pandemic. Eligible loans must be approved by 31st March.

These Bridging facilities can cover "standard" Briging scenarios and also Developer Exit scenarios where new properties have reached Practical Completion.

Loans from £500k to £3m

Up to 65% LTV

Up to 18 months

Interest and Lender Arrangement Fee are covered by a government subsidised Business Interruption Payment.

The borrower remains 100% liable for the debt.

To be secured by a first charge only, against residential properties in England and Wales.

With NO UPFRONT FEES whatsoever, you have absolutely nothing to lose, so we invite you to test our services today.