CBILS equipment finance a helping hand Oak Leasing

Why Choose a CBILS Facility

 

No personal guarantees for amounts under £250,000
 
The UK government will pay interest for the first 12 months of the agreement.

 

Seize a helping hand with CBILS equipment finance

 

Use our experience to help you!

If we can do this, imagine what we can do you!

 

In the present climate of uncertainty, it is crucial that you can access over 40 years of equipment finance experience.  Our customers say we are approachable, friendly,  and knowledgeable, and this is what is required in our present circumstances that we all find ourselves.

 

To meet the British Business Bank’s CBILS  equipment finance criteria, your business should:

  • UK-based company
  • Have an annual turnover of no more than £45 million
  • Have a borrowing proposal which the lender would consider viable, were it not for the current pandemic
  • Self-certify that you have been adversely impacted by the coronavirus (COVID-19).

 

Why should I think a CBILS Equipment Finance is suitable for us?

CBILS is a government backed scheme to help companies recover from the Covid 19 virus financial problems that has affected most of the companies in the UK.

In a nutshell, the government are encouraging the banks and funders to be able them to consider finance and leasing proposals for equipment from companies that have suffered in the last three to four months due to either closure of business, or only partially opened.

This support is evident in that any proposal up to a value of £250,000, the funder will not ask for the directors to give their personal guarantees.

However, the company will be liable for the amount outstanding.

 

How do we apply?

Very simple , to move forward please complete the CBILS equipment finance application form just click below.

CBILS Application Form, Oak Leasing

Please note – if you have accessed the Bounce Back Loan Scheme you are not eligible to utilise CBILS.

There is a fair amount of information to give to the underwriters however, you have to provide as much information as possible.

To put it another way, you have to paint a full picture for them, the greater the amount of detail, the better the picture they can see. Surely, rather be in full colour than just in black and white!

The more detail for the underwriters, the more likely your proposal will be accepted.

The Coronavirus Business Interruption Loan programme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy. For full details visit www.british-business-bank.co.uk/CBILS