FW Capital, which has offices in Liverpool and other cities across the North of England, has secured accreditation from the British Business Bank. Tony McDonough reports
North West business finance specialist FW Capital is now offering loans under the Government’s Coronavirus Business Interruption Loan Scheme (CBILS).
FW Capital, which has offices in Liverpool and other cities across the North of England, has secured accreditation from the British Business Bank and will offer CBILS loans fro £100,000 to £750,000 for SMEs struggling during the current crisis.
The company operates two debt finance funds for the Northern Powerhouse Investment Fund (NPIF) worth £142.6m across the North West, Cumbria and Tees Valley. It is through these funds that CBILS will now be made available with a focus on lending to businesses based in Merseyside, Tees Valley, Cheshire, Cumbria, Greater Manchester and Lancashire.
Gary Guest, FW Capital fund director for the North West and Cumbria, said: “There are many excellent businesses out there which are struggling due to the circumstances through no fault of their own.
“Being able to provide NPIF loans backed by CBILS now means we can step in and provide the support they need to keep going and in time, both grow and thrive. A key benefit of CBILS loans is that no personal guarantees are required for loans of £250,000 and below.
“I’d urge businesses in our area to take a close look to see if this could be a viable option for them and to get in touch if they’d like to apply or would like more information as we’re always happy to chat.”
Click here for more information on the loans.