CBILS Loans - brokers?

[skwdenyer]

One of my clients is interested in securing a CBILS loan of the order of £600k or so. For various reasons, it looks like this will fall outside the "risk appetite" of their current bank, so a need to look elsewhere.

There are a lot of CBILS providers right now. Does anyone have any experience in using a broker for this process?

Thanks

[hepy]

Looking at my LinkedIn , most people seem to be getting them this way. The banks are applying the rules to the letter, whereas non-bank lenders are less ‘rigid’.

I know of a few businesses who got loans via brokers when the business hasn’t been materially impacted and they are using the loans for expansion rather than keeping the business going.

[Al Gorithum]

I think most of the brokers go back to Funding Circle.

[skwdenyer]

Al Gorithum said:

I think most of the brokers go back to Funding Circle.

Interesting, thanks.

[skwdenyer]

hepy said:

Looking at my LinkedIn , most people seem to be getting them this way. The banks are applying the rules to the letter, whereas non-bank lenders are less ‘rigid’.

I know of a few businesses who got loans via brokers when the business hasn’t been materially impacted and they are using the loans for expansion rather than keeping the business going.

Thanks for that.