Europe Fintech

Johnson Reed approved as CBILS Lending Partner

Johnson Reed has been accepted and approved by Accredited Coronavirus Business Interruption Loan Scheme (CBILS) Lenders as an Accredited Lending Partner, allowing businesses and suppliers the opportunity to apply for vital business finance.

As an approved intermediary, the Stockport-based business finance specialist can make applications for companies that have been trading for a minimum of 3 years, applying for loans between £50,000 and £250,000 with a guaranteed APR of below 9 per cent and no repayments due for the first 12 months.

To be eligible, businesses must be UK-based with a turnover of less than £45m, of which more than 50 per cent must come from trading activity rather than investments.

Managing director Mark Johnson said: “For 20 years Johnson Reed have been funding small businesses. Never has it been more important than now to support our clients with cash-flow.

“We’re working tirelessly to support all our clients and increase facilities with our lending panel, ensuring a simple and fast process.

To apply for a CBILS loan via Johnson Reed, get in touch with our team at 0161 429 6949, email [email protected] or visitwww.johnsonreed.co.uk/coronavirus-financial-support

Author

  • Editorial Director of the The Fintech Times

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