Haydock Finance CBILS Payouts Reach £15 Million
Haydock Finance is supporting UK SMEs impacted by the pandemic, paying out £15million through the Government backed Coronavirus Business Interruption Loan Scheme (CBILS). As an accredited CBILS partner for asset finance, Haydock has paid out for more than 60 agreements, under their hire purchase and refinance product offerings.
Andy Taylor, Sale Director, reports; “We are pleased that we can support our customers through these challenging times. Our Asset Finance CBILS products enables businesses to either invest in new assets or to release much needed equity to support their recovery. We have seen a significant increase in CBILS applications and to meet this strong demand we have a further £10million of funding in the pipeline. The team at Haydock have also been working hard to stream line our processes to improve the speed and simplicity of applications.”