JCB Finance Ltd is an accredited Lender of The British Business Bank to provide CBILS - backed Hire Purchase facilities for the continued provision to UK smaller businesses (SMEs) during the COVID-19 outbreak who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

We specialise in financing the JCB range of products, but due to our extensive experience in the sectors we operate; construction, agriculture and industry, we also provide CBILS-backed Hire Purchase on a wide range of machinery, commercial vehicles and other plant - used and new (so long as it doesn't compete with a new JCB).

Key features;

• Available on HP Fixed and HP Plus.
• No capital payments for 6 months.
• No interest payable in the first 12 months.
• Interest to be charged at 3.99% per annum fixed.
• Interest rate after support is 2.39% per annum.
• Up to 53 month term.
• No customer fee to access scheme.
• No personal guarantees for facilities under £250k.
• The borrower remains 100% liable for the facility at all times.

You can apply if;

• Your business is based in the UK with turnover of no more than £45m per year.
• Has been negatively impacted by Coronavirus.
• Have a borrowing proposal which, were it not for the current pandemic, would be considered viable by JCB Finance .
• Your business generates more than 50% of your turnover from trading activity.
• Your CBILS-backed facility will be used to support primarily trading in the UK.

You cannot apply if;

• You operate in one of the following industries; Banking, Building Societies, Insurers and Reinsurers (but not insurance brokers) or the public sector, including state funded primary and secondary schools.

We are here for you.

• If you need to invest in equipment, machinery or vehicles but have concerns about the impact on your capital & cash flow because of the Coronavirus.
• If you’ve already taken out a Bounce Back Loan but now need to invest in equipment, machinery or vehicles and now need to borrow more than the maximum £50,000 under the Bounce Back Loan Scheme to invest in your business, we may be able help you to refinance your Bounce Back Loan using our access to a CBILS.  

The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details on CBILS and the list of participating CBILS lenders can be found on the British Business Bank website at: www.british-business-bank.co.uk/CBILS