Mark Smillie is back with another edition of his newsletter, this week we’re talking CBILS! If you’re interested in getting this content sent directly to your inbox, consider signing up here!
“Firstly, thank you everyone for your calls and emails regarding our stay in Paphos! I have just 1 takeaway that might save you a great deal of money.
Mark’s Travel Tip for you and the family:
Don’t book your holiday Hotel or Villa online! Many hotels are only up to 15 to 40% occupancy, and many villas and apartments have been empty for months.
Pick up the phone and speak to someone in Reservations or contact the Villa owner direct! Be charming and ask them if they could give you a deal. Once you have got the deal, at the end of the call ask them if they could spoil you and give you a room upgrade or if it is at a villa ask if you can stay for another 5-7 days. It never hurts to politely ask! You will be astounded, everyone else just pays to much and books online, but this is a different period of time.
Mark’s Business Finance Tip:
CBILS Government backed loans deadline date is the end of the month!
Talking of following the herd, so many good businesses should have received their loans! However, many were turned down OR they didn’t apply for enough; and didn’t realise they could apply for further funding.
The reason you were probably turned down, was you made one tiny mistake in the application form or it was not presented in the right way and the overworked credit team, just rejected it.
- Did your last set of accounts show a profit?
- Were you showing a profit at the beginning of the year?
- Did you have any insolvency issues, or have payment plans in place?
If you answered yes to the first 2 questions and no to the third, please call me even if the following applies to you.
- You have been turned down for a CBILS Loan (did you know there are several types of these loans and Finance Companies as opposed to Banks are offering them now?)
- You have already applied and received a CBILS loan (there is so much misinformation, from poorly trained staff at the big institutions who are telling clients they cannot apply for any more funding, when there are further funds available)
The problem is by applying direct you just do not know what the Underwriting teams lending criteria is, and once the smallest mistake is made it cannot be undone.
If you want to increase your chances of success in getting a Government CBILS loan, please call me but make it very quickly, you do not want to leave it to the last minute at the end of the month as your chances will probably reduce.
It is your choice; run with the herd or be guided by the Stag.
Building Development Loans – SECURED AND BRIDGING
This is a specialist area and I believe I have one of the very best specialist brokers of this type of finance in the UK on my team, who will save you a great deal of stress, time and money CLICK HERE
Please feel free to pick up the phone and say hello, I welcome you all to get in touch!
The numbers you need: 0800 612 5364 or 07710 466166