As a broker, Sylvia can provide not only the funding to meet current needs, but will also work in collaboration with clients and focus on their goals, for years to come.

Coronavirus Business Interruption Scheme At the time of writing, there is still a window of time available for business owners to take advantage of the Coronavirus Business Interruption Scheme (CBILS). T e CBILS support is a welcome reprieve for

businesses who are battling to stabilise, or even survive in the wake of the COVID-19 outbreak. T e scheme is helps small and medium-sized

businesses to access loans and other kinds of fi nance up to £5m. T e government guarantees 80% of fi nance to the lender and pays interest and any fees for the fi rst 12 months. T e business needs to be based in the UK with turnover of up to £45m. The team at Magna Money will be working

tirelessly until the end of November helping clients access government schemes such as CBILS and

Bounce Back Loans to ensure as many as possible remain open, saving jobs and businesses. Given that time is running out to get funding that is subsidised by the

government – anyone who thinks they might need additional funding in the next six months probably won’t see any better terms than on off er at the moment – and should take advantage while the scheme is open. Sylvia said: “I have been working closely with clients who have been

unsuccessful in applying for government support and the work I do with lenders saves business owners time and frustration – and I work on a no win, no fee basis. “Several clients are now exploring commercial fi nance options they

had previously thought were not available to them. Even if a business has been rejected for a CIBLS or Bounce Back Loan, it is worth getting in touch with me so that I can do a whole-of-market search on your behalf. We have several options that aren’t widely available to others and it costs nothing to engage me to look at funding solutions for you, so please get in touch to discuss your options.” From December, lending will be more expensive though traditional

lending routes. Nonetheless, it is a good idea to work with a broker to explore all fi nancing options so that you can focus on running your business successfully.

Contact Sylvia on 07792 033113 or email



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