Commercial News

Cambridge & Counties Bank launches new credit lines promotion

Rozi Jones -
|
23rd November 2021
calculator fees funds funding small business sme
"Our latest credit lines promotion is great timing for businesses who want to take advantage of the investment allowance extension on qualifying assets."

Cambridge & Counties Bank is waiving the documentation fee for all asset finance deals drawn under a credit line between 1 January – 31 March 2022. The bank’s business customers will save the £200 documentation fee each time they draw down during the promotional period.

The promotion is also beneficial for businesses looking to invest in new capital expenditure, particularly for those wanting to take advantage of the £1 million annual investment allowance that is available for qualifying assets.

Cambridge & Counties Bank offers a range of asset finance options, helping SMEs invest in business-critical assets such as vehicles, construction equipment, plant and machinery, cranes, and CNC machinery.

The bank’s pure electric vehicle (PEV) lending activity has also benefited from the credit line promotion in recent months. To support UK businesses and SMEs to transition to EVs, Cambridge & Counties Bank includes PEVs as part of its green lending strategy and product suite.

Simon Burns from Equilibrium Finance said: “We have seen a positive reaction from clients for previous asset finance campaigns from Cambridge & Counties Bank and expect this latest one to drive significant interest again as it resonates well with firms looking to invest for growth in the wake of the pandemic.”

Simon Hilyer, senior BDM at Cambridge & Counties Bank, said: “Our latest credit lines promotion is great timing for businesses who want to take advantage of the investment allowance extension on qualifying assets.

“We know that credit lines can be an appropriate, cost-effective solution for many businesses, helping to fund expansion plans or to release finance locked into fixed assets, providing a cash flow injection among other benefits. Asset finance remains a core specialism for the bank, and we expect enhanced demand and growth in 2022.”

Related articles
More from Commercial News
Subscribe
to our newsletter

Join a community of over 6,700 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.