Support for SMEs during Covid-19

Support for SMEs during Covid-19

  • We've created this page to provide SMEs looking for cashflow support with further information about the CBILS scheme

    Coronavirus Business Interruption Loan Scheme (CBILS)

    The CBIL Scheme is provided by the British Business Bank, of which Hitachi Capital Invoice Finance is an accredited lender. The aim of the scheme is to support the continued provision of finance to UK businesses during the Covid-19 outbreak. UK businesses can borrow up to £5m via the scheme which is available from Hitachi Capital Invoice Finance alongside an Invoice Finance facility.

    How Much Can I Borrow?

    UK businesses can apply to borrow up to £5m via the scheme. Hitachi Capital Invoice Finance will only provide a facility under the scheme to run alongside an Invoice Finance facility. 

    Will you accept standalone applications?

    Unfortunately, standalone applications will not be considered. 

    Am I Eligible?

    Our standard eligibility criteria still applies:

    Trading with other businesses (B2B)

    Minimum turnover £50,000 per year

    Ideally a homeowner but if not please contact us as we may still be able to help

    For CBILS:

    As well as the above, you must be able to demonstrate a proven track record of success prior to the disruption caused by Covid-19

    Turnover less than £45 million

    Not have been classed as a “business in difficulty”, if applying to borrow £30,000 or more

    Will I have to pay interest on my loan?

    The loan is interest free for the first 12 months, after this period normal commercial rates will apply. No early repayment charges will be applied on the loan.

We will use your details to contact you in relation to this enquiry only.


 

What is the maximum term of the Coronavirus Business Interruption Loan (CIBL) Scheme?

Products covered by the scheme have a maximum term of 6 years. 

Repayment holidays of up to 6 months will be made available.

 

How do I find out more about the British Business Bank?

You can visit their website here www.british-business-bank.co.uk/CBILS. For more information.

There is also a comprehensive list of FAQs you may find useful.

 

How do I apply for CBILS with Hitachi Capital Invoice Finance?

Please contact us on freephone 0800 1105 005 Monday to Friday between the hours of 8.4 and 5.15 (except Friday we close slightly earlier at 4.45).

Speak to one of our friendly advisors who will be able to give you further information and arrange an appointment with one of our expert Business Development Managers.

Alternatively, complete the form and someone will be in touch to call you back straight away.


Why choose Hitachi Capital Invoice Finance?


Watch this quick video to learn more

Watch this 30 second video to learn more

Watch this 30 second video to learn more

Watch this 30 second video to learn more about why Hitachi Capital Invoice Finance is an excellent choice for SMEs looking for a finance partner.

 

If you would like a no obligation quote or if you have any questions, please do not hesitate to contact our friendly team on freephone 0808 239 7699 from 8.45am to 5.15pm, Monday to Friday.


Read some of our client reviews here

4.8/5

Client reviews

Read some of our excellent client reviews here


Recent Award Wins

Business Moneyfacts Awards 2020 double award

Best Factoring and Invoice Discounting provider for the second year running

Delighted to be winners for the second year running at the prestigious Business Moneyfacts awards 2020. We are officially the Best Factoring and Invoice Discounting provider as chosen by Business Moneyfacts.

Business Moneyfacts Awards 2019

Best factoring & invoice discounting provider

Business Moneyfacts Awards 2018

Best service from an invoice finance provider


Read some of our recent Case Studies

Switching in lockdown

Switching in lockdown

The effect of using Invoice Finance has allowed for faster decisions and a closer relationship, both of which are even more necessary in uncertain times. Read more from one of our new client's here.

Invoice Finance during Covid-19

Invoice Finance during Covid-19

Dominic Fordy, Director of Moss Agate talks about how Invoice Finance has supported his business and why he chose to partner with Hitachi Capital Invoice Finance.