IF YOU HAVE BUSINESS CLIENTS THAT WOULD LIKE LOW RATE COMMERCIAL LOANS TO HELP WITH CASHFLOW, TO REPAY EXISTING DEBT ON HIGHER RATES OR TO BE USED FOR INVESTMENT THEN PLEASE READ ON.

Atom Bank are championing the UK SME's by offering the Coronavirus Business Interruption Loan Scheme (CBILS) to help them access finance at very competitive rates. As an accredited CBILS lender by the British Business Bank, the scheme enables Atom Bank to provide facilities from £100,000 up to £5,000,000 to SME's that have been affected by COVID-19.

WHO IS ELIGIBLE FOR A CBILS?

• Any UK-based business with activities in this country which generates over 50% of turnover from trading activity
• Be an SME with an annual turnover less than £45m
• Where there's a need to refinance existing debt, help with cashflow or business investment
• A business who can provide suitable security for a secured loan
• Not have been in any business difficulty on 31 December 2019

KEY FEATURES

• Interest Rate: Between 2.71% to 3.34%
• Loan size: £100,000 to £5,000,000
• No valuation or legal fees (this only becomes payable by the client if the loan does not complete under CBILS)
• Term: Up to 6 years commitment term
• Repayment type: Interest only or capital & interest amortized over 25 years
• LTV: Up to 75%
• Security: First legal charge over suitable security (land, property). Personal guarantees may be requested for loans greater than £250,000.
• Loan Purpose: The loan can be used for business investment, to refinance existing debt with another lender and for cash flow purposes.

PROC FEE 0.625%

FOR MORE INFORMATION PLEASE CONTACT
THE COMMERCIAL TEAM
commercial@complete-fs.co.uk
or 02380 456999
Option 3, then option 1

BORIS

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