Fast-growing condiment business will reach new markets with £450,000 CBILS loan

The Nottingham-based condiment retailer Sauce Shop has secured a £450,000 revolving credit facility from Growth Lending as it branches out into new markets and expands its team. The funding, provided under the government’s Coronavirus Business Interruption Loan Scheme (CBILS), will boost the company’s working capital during its next stage of growth. Founded in 2014, Sauce […]

Global recruitment expert secures £1m CBILS loan to build on international success

The global recruitment expert Talent Works International has secured a £1m revolving credit facility from Growth Lending, arranged under the government’s Coronavirus Business Interruption Loan Scheme (CBILS), to support its cash flow and stimulate further growth. Growth Lending stepped in when the business’s previous providers exited the market, offering a larger facility that will cover […]

CBILS loan helps fast-growing security firm support the fight against Covid-19

North Yorkshire-based Active Security Solutions has secured a £750,000 revolving credit facility from Growth Lending, as the firm expands rapidly to fight the battle against Covid-19. The company will use the funding, provided under the government’s Coronavirus Business Interruption Loan Scheme (CBILS), to help double the size of its business as it supports more than […]

CBILS deadline moves to January 2021 after latest extension to scheme

Businesses can now apply for a loan of up to £5m, which can be used for recovery or growth, well into the New Year Note: CBILS closed for applications on 31 March 2021 The government has announced that the Coronavirus Business Interruption Loan Scheme (CBILS) will be extended again, with the initiative now open for […]

BBLS, CBILS, CLBILS: decipher the jargon and find the best funding option for your business

Why snap decisions made at the beginning of the Covid-19 crisis should not define your company’s future growth “I would like a bounce-back, business interruption, coronavirus – but not Covid-19 – small, large, medium business loan with two facilities, please.” If this sentiment sounds familiar, rest assured that you are not alone. The funding market […]

Unpacking CBILS for bank managers, accountants and VCs: team up or lose out

The current financial climate is possibly as difficult for the banks as it is for the businesses trying to get money from them.  The main banks currently have an extremely high volume of applications for the various business support packages available and they’ve had to look at everything against strict criteria, at a time when […]

Good news for fast-growing firms as the British Business Bank changes CBILS guidance

The Coronavirus Business Interruption Loan Scheme (CBILS), which closes for applications on 31 March 2021, provides financial support to UK SMEs that have experienced disruption as a result of the Covid-19 outbreak, but until recently it was not easily accessible for fast-growth firms. On Thursday 16 July, the British Business Bank changed its guidance for […]

Top Ten FAQs – everything you need to know about CBILS

Growth Lending is now offering the government’s Coronavirus Business Interruption Loan Scheme (CBILS), an initiative intended to help companies whose cash flow has been affected by the Covid-19 pandemic to get back on track. The scheme closes for applications on 31 March 2021. The Growth Lending group comprises three lenders – BOOST&Co, GapCap and KX […]

Applying for CBILS? Your five-step guide on how to prepare

Growth Lending is now an accredited provider of the government’s Coronavirus Business Interruption Loan Scheme (CBILS), which was created to support British companies through the Covid-19 pandemic. The scheme closes for applications on 31 March 2021. Thanks to the deep expertise of the three lenders that comprise the Growth Lending group – BOOST&Co, GapCap and KX […]

A closer look at CBILS and how the scheme can help SMEs

Growth Lending is now an accredited provider of the government’s Coronavirus Business Interruption Loan Scheme (CBILS), which was introduced to support firms whose cash flow has been disrupted by the Covid-19 pandemic. The scheme closes for applications on 31 March 2021. Comprising three lenders (BOOST&Co, GapCap and KX Media Capital), the Growth Lending Group has […]