JCB Finance Ltd is an accredited Lender of The British Business Bank to provide CBILS - backed Hire Purchase facilities for the continued provision of finance 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 new and used machinery, commercial vehicles and other applicable plant.

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.
• Net interest rate after interest 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.

Please note that as of 2 November, the Government has announced that the Coronavirus Business Interruption Loan Scheme (CBILS) will be extended until 31 January 2021. Full details are to be confirmed in the coming days. 

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 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 & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit british-business-bank.co.uk.