Name: Grow Funding
Address: 27A Goring Road, Goring By Sea, West Sussex, BN12 4AR, United Kingdom
Telephone: 01903660091
Price range: Competitive
Rating: 5

Grow Funding offers and supports the Covid-19 Business Interruption Loan Scheme (CBILS)

Not all SMEs are aware that they may eligible to apply for a CBILS. Grow Funding has access to the alternative lending market that can help businesses struggling to get the support and assistance they need to navigate through these difficult times.

It is no surprise that COVID-19 has caused financial problems for businesses throughout the UK. Some have tried to hold out to see if they can cope without the need of assistance, but without having an end date to the lockdown, the time has come for many businesses to take the cashflow help now.

After talking to many of our Grow Funding clients, some have also said they have not applied because they didn’t know how to arrange it.

Therefore, not only do Grow Funding have access to CBILS, they have the experts to walk you through the process.

Here are some benefits of CBILS to SMEs:

• No capital or interest repayment for the first 12 months

• Facilities up to £250,000 and up to 60 months

• No arrangement fees

• Available to home and non-homeowners

• Can settle loan after 12 months with no penalties

To find out what financial support is available for your business get in touch for a free consultation with one of the Grow Funding experts.

www.growfunding.co.uk

The business finance brokers in West Sussex, a proud member of the Financial Conduct Authority.

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Asset finance is a type of lending that enables you to access business assets such as equipment, machinery and vehicles without having to buy them upfront. It can also allow you to release cash from the value in assets you already own or use your existing assets as security against a business loan from an asset finance lender.

Business asset finance is typically attractive to businesses who want to put their growth plans into action but don’t necessarily have the ready cash, or business owners who would rather spread large costs over a longer period.

Short-term asset finance also enables businesses to remain competitive by making it easier for them to access the latest technology. Asset finance is a broad category that relates to valuable items in your business.

Here is one of our case studies of asset-based invoice finance –

Case Study - Feb - 2019

Invoice factoring for Essex based building company

This company had been awarded a large value contract with a London borough council to install new kitchens and bathrooms into their residential council properties. With limited funds in the bank to cover the cost of labour and materials, Grow Funding arranged a suitable Invoice factoring facility to allow the business to release cash tied up in their outstanding invoices. This means going forward at the point of them giving the invoice to the council they can factor the invoice to provide them with cash in the bank to cover their cash flow needs. An initial facility size of £165,000 was set up with view to this growing over time.

The Advantages:

• Credit insurance to protect you against bad debtors

• The funds are secured and valued against your assets

• Funds can be used for any business needs

• There is the possibility of being flexible in comparison to loans and overdrafts

Mail

Grow Funding ltd - 70 Goring Road - Goring by sea- Worthing - West Sussex - BN12 4AB

01903 660091

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