CBILS Asset Finance

Are you looking to acquire a new asset or refinance an existing asset, but your business has been negatively impacted by the coronavirus pandemic? If so, Systems Finance can support you in obtaining the CBIL Asset Finance scheme to drive your business forward!

CBILS Asset Finance Scheme Key Features:

  • The CBILS Asset Finance scheme is a government backed scheme helping to support businesses across the UK.

  • Use the asset refinance option to get a cash injection back into your business from an asset you already own.

  • You will make NO PAYMENTS for the first 12 months and is interest free.

  • No early settlements fee and Tax Friendly.

  • Finance any asset with no restrictions.

  • You must have been trading for a minimum of 2 years in order to apply.

  • Finance terms, spread the cost between 12 and 60 months.

We have helped businesses across the UK obtain the assets they require to grow their business. Systems Finance can help you obtain CNC’s, Warehouse Racking, Excavators, IT Refresh, Software licenses and much more..

Please give us a call and a member of our team will guide you through the process. Alternatively, please complete a contact form and we will be in touch within 24 working hours.

Details of The Loan

    • Information we need:
  • The asset you would like to finance or refinance
  • What is the reasoning behind wanting to obtain the asset?
  • The period over which you will make the repayments – the lender will assess whether the finance agreement is affordable for you. Options are available from 12-60 months.

Supporting Documents

You will need to provide certain evidence to show that you can afford to repay the loan. This is likely to include:

  • Management accounts
  • Cash flow forecast
  • Business plan
  • Historic accounts
  • Details of assets

The above requirements will vary from lender to lender. If you don’t have everything listed here, a CBILS Asset Finance Scheme could still be an option!

Note: For many customers approaching their existing lenders for a smaller facility. The process may be automated and therefore may not require the same level of documentation.

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For more information on what the CBILS Asset Finance scheme can do for your business give us a call or click below to start your application.

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