Coronavirus Business Interruption Loan Scheme
URGENT REMINDER - CBILS is ending on 30th September 2020
COVID has been a challenge for many businesses, so to consider buying a new press in the current market may seem counter intuitive but CBILS loans and asset purchases facilities offer a compelling case to invest now. CBILS Benefits:
Multiple Loans Allowed - You may already have a CBILS loan with your bank, but can also apply for an additional CBILS loan through our Finance partners.
No Deposit Finance - Usually at least a 10% deposit would be required for purchasing new equipment.
No Payments for 12 Months – Subject to underwriting, no payments for 12 months is also available, again helping with cashflow.
Part Exchanges Equity -The Sales of any part exchanges can be dealt with separately, so again funds can be used for cashflow or used as you see fit.
Part Exchanges Negative Equity - In the event your current press has negative equity, you still have the opportunity to upgrade to newer technology with CBILS covering any shortfall on existing Finance, possibly even keeping monthly payments the same.
A CBILS asset purchase agreement can be used to update your current machinery for today’s technology with no deposit and 12 months interest being paid by the Government. This could save approximately 40% of the total interest cost over a 5 year agreement.
This is a unique opportunity which many companies are taking full advantage of however, the CBILS arrangement will end by 30t h September 2020 after which the arrangement will no longer be available and the cost of any future investment will increase significantly.
Is this a business decision not to be over looked? Why not take advantage of Exel’s long standing relationships with banks in the print sector which have been helping our customers access the best possible sources of funding for investing in newer equipment using this facility.
We offer a new experience in buying used.
For further information with no obligation please Contact Ian Bendy, UK Sales Director for Exel Printing Machinery Ltd at firstname.lastname@example.org or on 07780 995 647.