For many businesses, the advent of COVID-19 has negatively impacted their plans to invest in their temperature control system, whether that’s investing in new equipment, an energy efficiency upgrade or enhancing a facility to future proof it for the long term. But, before you put a project on hold, why not discover how Aqua could help you with asset funding?
Via our finance partner, and in conjunction with the British Business Bank, we are now able to support customers to apply for Asset Funding via the Government-backed Coronavirus Business Interruption Loan Scheme (CBILS). The CIBLS was introduced to help small & medium sized UK businesses who are feeling the impact on their cash flow from deferred or lost revenue due to the COVID-19 pandemic. Asset Funding in particular is designed to support SMEs with their investment in new and used assets through tools like lease purchase.
The scheme offers asset finance from £50,000 to £250,000 over a 1 to 5-year period. The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any additional fees. This means smaller businesses will benefit from no upfront costs and lower initial repayments.
So, rather than push projects back, with asset funding you get to proceed with improving and future proofing your business for the years ahead, whilst protecting your capital expenditure and with no upfront investment. Plus, you’ll gain all the advantages – and efficiencies – of having the latest temperature control equipment on site. We can give you examples of energy upgrades we have undertaken where clients’ energy costs have reduced so dramatically that they’ve recouped the costs of their investment within just a few years. In additional you’ll have fixed monthly payments, helping cashflow and budgeting.