North Yorkshire-based accountancy firm Hunter Gee Holroyd (HGH), has advised the owners of a motor dealership to raise funding via a Coronavirus Business Interruption Loan (CBIL).
Mark Grewer, Director of Corporate Finance at HGH was approached by his client after they were interested to learn more about the CBILs funding. They were keen to understand how they could access the Loan, how much they could borrow, and under what terms.
Mark and the HGH Corporate Finance team, work with Capitalise, a company which provides comprehensive searches of 300+ lenders to find the best rates and deal for businesses seeking finance. They were able to secure funding of £290k with interest at a very reasonable 3.8%.
Thanks to the proactive approach of the HGH team, the business secured the funding in good time which can enable the business to grow and put its future plans into action.