The pandemic has triggered a drive for 'good old fashioned banking'
10 June 20
10 June 20
CBILS is designed to support the continued provision of finance to small and medium-sized enterprises (SMEs) in the UK as a result of the Covid-19 outbreak. The scheme is managed by the British Business Bank (BBB) and delivered through more than 60 accredited lenders.
Triple Point’s initial focus will be providing support to clients with existing debt facilities with us who have been directly impacted by Covid-19. We are therefore currently accepting applications from existing borrowers only, but plan to extend CBILS lending to new borrowers in due course.
Direct Lending – business loans ranging from £500,000 to £5m to established trading businesses across the UK. Lending purposes include working capital finance, refinances and acquisitions.
Wholesale Lending - lending comprised of individually underwritten credit lines. These facilities usually start with an initial facility of at least £1m, with the expectation of increasing the facility size as our experience and relationship with the borrower grows.
Property Lending – Bridging and Residential Development loans from £1m to £5m to support experienced property developers with a proven track record to build and/or refurbish quality affordable homes.
Triple Point is committed to helping business owners find their way through this difficult time. As a relationship-based organisation, we understand the importance of having an open dialogue and being responsive to Borrowers. This ensures that we are a responsible lender providing a more tailored experience as reflected in the broad range of businesses and industries we support.