CBILS Funding for businesses impacted by COVID-19

JPM Capital endeavours to provide timely and appropriate solutions to all of our clients funding needs.


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The Coronavirus Business Interruption Loan Scheme (CBILS) is now available through participating lenders and JPM have partnered up with numerous funding providers to ensure our clients have access to these schemes.

Flexibility and speed are at the core of what we do.
Although the government CBILS scheme is well intentioned, early signs point to difficulties in obtaining the funds through many of the participating High Street Banks. In some cases we will work in conjunction with the banks to guide businesses through the process, but more often than not we will manage applications through alternate funding providers - only available in the broker market.
JPM Capital has built a business on speed and efficiency, which is exactly what is needed in these uncertain times. For many, waiting weeks and perhaps months for responses is not an option.

cbils funding

Key benefits of a CBILS loan through JPM:

  • Nothing to pay for 12 months
  • No upfront or early settlement fees
  • Borrow at rates between 1.4%-8.9% APR
  • Decision typically in 24 hours
  • Terms from 2 to 5 years
  • Borrow between £10,000 and £250,000

Eligibility Criteria:

To be eligible for a CBILS loan through JPM you will need to meet the following criteria:

  • UK-based company that’s been adversely affected by coronavirus
  • Turnover of up to £45m
  • 3 years of trading history
  • Over 50% of turnover from trading activity
  • Loan primarily for trading in the UK

Application process

We’re required to ask for further information under CBILS and our application process will therefore be slightly different. Initially we will require the following information:

  • Business bank statements for the last six months
  • Latest full unabbreviated accounts

Please ensure you submit the correct documents to avoid delays in processing applications. Personal Guarantees will not be required as security for lending below £250,000 under CBILS.

If the CBILS scheme is not applicable to your business but there is still an underlying business funding requirement, JPM can help. Please look at Alternate Finance options that we can arrange and Working Capital solutions.

Paul is calm, thoughtful and positive during a period where so many businesses are in panic. I am thankful for his and JPM's continued support and will continue to recommend clients in need to Paul.
Accountants - Glasgow
Featured Case Study

Accountancy firm with cash-flow needs and client funding requirements

We recently dealt with an Accountancy firm who has suffered immediate cash-flow problems as a result of the recent unprecedented global contagion. Clients who paid monthly direct debit retainers have cancelled and debtors which have been due into the firm have requested payment terms. At a time when clients need Accountancy support more than ever it is important that our client was using his time to support clients and not chasing bills!

View success story

To discuss funding today please fill out our get a quote form
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Call 01244 207276

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