CMYUK has produced a series of short videos which explain how the government-backed coronavirus business interruption loan scheme (CBILS) can be of real benefit to the UK’s digital wide-format print industry.
The videos, which feature CMYUK finance director Jon Price, explain the many benefits of CBILS and aim to clear up a number of misconceptions.
‘I have been fielding multiple calls about CBILS and what struck me is how little business owners understand about the reach of the scheme and how it can be applied to their own particular circumstances,’ Mr Price explained. ‘In challenging times I always say that businesses need to invest. CBILS provides the perfect platform, it is the most powerful, flexible, low-cost finance that you’ll ever have access to.’
The videos vary between one and two minutes in length and cover topics including:
- CBILS – an investment opportunity not to be missed CBILS has now been extended to include asset finance
- CBILS – new truths, old misconceptions The biggest misconception is that you can only have one CBILS loan or facility.
- CBILS – enabling investment without increasing overheads How the scheme can be used to refinance existing assets, or buy new and/or second-hand equipment
- CBILS – examples of the best business loans you will ever receive Stop worrying about the capital cost and look at the impact on your business
- CBILS – consolidating investment towards an industrial infrastructure How to get more out of less
- CBILS – what do I need to do now and how long does it take? How CMYUK can expertly help you through the process
‘This is the single most exciting opportunity in Asset Finance that I’ve come across, which is why I want customers to embrace it,’ Mr Price concluded. ‘The government has said CBILS will end in September, so if you have a business, think about bringing your investment plans forward as it would be deeply unfortunate not to take advantage of this scheme.’
Full details of CBILS can be found here.
