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Ward CNC News

Government’s Bounce Back Loan Scheme (BBLS) – Ward CNC Update

Published: 21st May 2020
Author: anthony cogswell

We trust and hope you, your families and colleagues are safe and well.

Following our recent communications to you, despite the challenging times we have all been facing, we have been encouraged by the resilience shown by all in our industry and have been delighted to see many of our valued customers progress to overcome these unprecedented times.

We do however understand the frustrations and that circumstance has prevented some companies from being able to progress with projects they ordinarily would have due to a downturn in revenues.

 

 

 

Whilst there remains a lot of ‘unknowns’ in relation to COVID-19, we have been encouraged by recent government support that has the possibility to support engineering firms during these times.

Key Details

  • Loan amount £2k – £50k
  • No repayments for 12 months
  • Up to 25% of business turnover
  • Government covers first 12 months of interest
  • 2.5% fixed interest rate
  • 6 year term
  • No fees and no early repayment fees
  • Cash available within approx.48 hours
  • No personal guarantee required

Find out more information https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan

Why not use this opportunity to make the deposit and your first year’s payments on a brand new CNC machine tool?

View all machines available from stock from Ward CNC here 

Last Updated: March 11, 2024