Development and Refurbishment – 90% Loan to all Costs available – Terms available for Professional Developers & First-time Builders
Commercial Mortgages – Up to 82% LTV (100% in specific cases) Rates start at 1.90% over base rate. Terms up to 30 years with Interest-Only Options
Bridging and Short-term Finance – Short-term from 0.42% pcm (min 24 months) – Bridging Rates available from 0.43% pcm – Available for Auction Purchases

Corona Business Interruption Loans

Coronavirus Business Interruption Loan

Speak to Omega about how you can access the Government guarantee scheme available to business customers with a short to mid-term funding need.

Key Points

  • Loan Amount: £25,001 – £5,000,000
  • Loan Terms: 1 to 6 years Repayment
  • The initial 12 months are free from: Interest, Security fees and Lender Arrangement Fee
  • After the first 12 months, interest at an agreed margin over the Bank of England Bank Rate will be payable
  • Capital repayment holiday available (subject to application)
  • No Early Repayment Charges on variable rate facilities.

Under this scheme, the Government provides the Lender a guarantee for 80% of the loan, please note that clients remain responsible for repaying 100% of the facility.

A Business Interruption Payment (BIP) will be paid by the Government to the Lender covering Interest, Security fees and Lender Arrangement Fee for the initial 12 month period.

Smaller businesses from all sectors can apply for the full amount of the facility. To be eligible for a facility under this scheme, an SME must be UK-based in its business activity, with annual turnover of no more than £45m and under normal circumstances be able to demonstrate affordability.

More traditional Business cashflow assistance remains available through:

  • Unsecured Business Loans,
  • Loans for Working Capital,
  • Other Corporate facilities
  • Secured Loan options.

CBILS Support for Development and Refurbishment

As all business continue to adapt and feel the effects of the global pandemic, financial solutions are available to support businesses or all shapes and sizes, with government initiatives assisting through CBILS or BBLS. New initiatives are now being offered to Developers through tailored schemes

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    ADDRESS

    63739 street lorem ipsum City, Country

    PHONE

    +12 (0) 345 678 9

    EMAIL

    info@company.com