Funding Support Case Study

“I was recently contacted by Bob Evans from Robson Laidler who said they were reviewing all clients with Bounce Back Loans with a view to potentially refinancing them with CBILS (Coronavirus Business Interruption Loan Scheme) to extend the interest free period.

Bob noted that as I received my £50k BBL in May 2020, if I refinanced now, the interest free period would extend to 12-months’ time.

“As a businessman, the thought of having £50k in my bank with no need for repayment for a further12-months was very attractive, so after a short discussion I was introduced to Seb from Fluidly.

“We talked through the whole process and what was needed; the usual set of accounts and bank statements and then to just sit and wait. Five days later, I received a call to say it was all complete – just a few online forms to sign and that was it done!  Another 12-months with money in my savings account for whatever I wish over the next 12 months.

“My advice to others would be, if you have taken out a BBL and enjoyed the comfort of knowing that money is there IF needed or you’ve used some of it and need a further 12-months zero repayment, then Robson Laidler and Fluidly are there to help business owners look at their options and feel more confident during these uncertain times.”