SCANIA FINANCIAL SERVICES BECOMES LATEST LENDER APPROVED FOR ACCREDITATION UNDER CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS)
Scania Financial Services is one of the latest delivery partners to be approved for accreditation as a new lender by the British Business Bank for the Coronavirus Business Interruption Loan Scheme (CBILS).
The Coronavirus Business Interruption Loan Scheme, delivered through British Business Bank accredited lenders, is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.
Under the scheme Scania Financial Services will be able to provide asset finance solutions to SMEs within the transport industry across the UK that are losing revenue and seeing their cashflow disrupted as a result of the Covid-19 outbreak.
Alan Rhodes, Managing Director, states “Our ambition is to continue to support UK transport operations with a wide range of products and solutions, thereby providing additional support to businesses within the industry. This we understand will become increasingly important as the economy starts to rebuild and grow after the current COVID- 19 situation. We strongly believe that what we can provide through CBILS will be of benefit to customers during this difficult time.”
Scania Financial Services provides tailored finance and insurance solutions for customers across the truck, bus and coach sectors throughout the UK.
“A key focus for us is to keep businesses moving forwards, supporting those whose future has been adversely affected. This is a great addition to the solutions we can offer.” said Adam Drawwater, New Business Manager.
To find out how Scania Financial Services can help you and your business please contact your local Relationship Manager.
For all Scania Financial Services press enquiries please contact:
communications.sfgb@scania.com
About CBILS
The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS).
-
-
Baking on gas: Jacksons and Scania Financial Services
Jacksons has taken a major step forward in the decarbonisation of its transport fleet with the acquisition of seven compressed natural gas (CNG) Scania Trucks. -
GRASSMEN plough on with Scania Financial Services
GRASSMEN has taken delivery of a Scania 660S tag-axle heavy haulage prime mover facilitated by Scania Financial Services. -
Hawthorns Logistics' Lifesaver Trailer
While many transport operators use their trailers to promote various products and services, few carry a more important message than this triaxle reefer. -
Pumped up for success
DXB group has seen DXB Integrate take delivery of its first pump set financed on a five year hire purchase agreement by Scania Financial Services. -
RJM Commercials Ltd
Scania Financial Services helped RJM Commercials Ltd fund their 25 strong fleet of V8 tractor units, supplied by TruckEast to support their business growth. -
Annual Investment Allowance raised permanently to £1m
The Government’s announcement that it is to permanently raise the Annual Investment Allowance (AIA) to £1m comes as welcome news indeed. -
Holmeswood Coaches Limited
Scania Financial Services helped Holmeswood Coaches Ltd finance over 50 vehicles for their fleet, allowing them to grow their 4th generation family business. -
More than just vehicles
Scania Financial Services supports the rapid growth of WS Transportation with a range of flexible funding solutions. -
Middlebrook Transport Limited benefits from maintenance-risk-free transport with Scania Financial Services
Established in 1974, Alfreton, Derbyshire-based Middlebrook Transport Ltd provides a range of transport services to an extensive portfolio of blue chip client. -
Emma Bakewell celebrates 20 years with Scania Financial Services
Emma Bakewell, Credit and Operations Director celebrates 20 years with Scania Financial Services -
New Finance Director for Scania Financial Services
Siobhan Tulinski has been appointed to the position of Finance Director for Milton Keynes-based Scania Financial Services (SFS).