MAP, a provider of corporate finance and accountancy services based in Manchester has advised a London-based International Digital Marketing firm on raising £250k via a Coronavirus Business Interruption Loan Scheme (CBILs).
Paul Barnes, Managing Director at MAP took the initiative to contact multiple clients after a thorough analysis of their existing cash flow and their debt showed that better payment terms were available under the CBILs.
Paul and his team carefully laid out plans to show how refinancing loans via CBILS would be beneficial to their client’s business by comparing APR and costs with their existing deals.
Using Capitalise, the funding platform which The CFN partner with, they have been able to access various rates and terms from more than 100 lenders, providing plenty of options for their clients.
MAP has been extremely proactive throughout the pandemic, having raised more than £1.6m for digital marketing companies.
MAP continues to look for opportunities to assist company shareholders, Directors, and Finance Managers with smart ways to refinance debt and improve cashflows.