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Monday 04 May 2020
by Jackie Emson

MBM Capital is an approved broker with full access to the Government backed Coronavirus Business Interruption Loan Scheme (CBILS) and other innovative and supportive funding measures for SME’s during this challenging time.

We are honoured to announce that via our panel of funding partners, MBM Capital is an approved broker with full access to the Government backed Coronavirus Business Interruption Loan Scheme (CBILS) and other innovative and supportive funding measures for SME’s during this challenging time. 

 The CBILS scheme contains 12 months interest free and no early repayment fees. What you might not know is that even though this is a government backed scheme, the rates you receive will vary depending upon the lender. At MBM we are fully focused on ensuring our Customers receive the right funding for their business and on terms that will help them through this existing challenging period but to expand and grow in the future. 

To further support our Customers business’, we are also approved to provide Furlough Funding. Whilst the Government scheme will subsidise 80% of staff salaries to a maximum of £2500.00 per person, per month; unprecedented demand could lead to delays in accessing these payments leaving businesses to cover the cost of these salaries from restricted cashflow. 

 The Interest Only Furlough Funding enables businesses to fund 80% of salaries to £50.000.00 over a maximum term of 3 months. 

Interest only payments are made in Months 1 & 2 with the Capital & Interest paid in Month 3 from receipt of Job Retention payment from HMRC. 

 

To access this important funding, please email info@moorebizmgt.co.uk or call our team on 0345 680 1895