Member News – ThinCats begins accepting CBILS applications from new customers.

From 13th July, EOA member ThinCats is accepting CBILS applications from new customers, Head of Sales Mike Hackett had this to say:

“As one of the first non-bank lenders to be accredited for CBILS term loans we have, up until now, been focusing on supporting our existing borrowers, however, I’m delighted that we are now opening up applications to new borrowers.

Our experience with existing borrowers shows that CBILS loans can be used for a wide variety of funding needs including working capital, investment, refinancing and acquisitions. Our expertise has also enabled us to support a number of private equity backed businesses – often incorrectly perceived as being ineligible for CBILS. ”

The minimum loan size for ThinCats CBILS will be £1 million up to the £5 million maximum allowed under the scheme. You can find out further details around eligibility in the ThinCats CBILS criteria list or review ThinCats full guide to CBILS.