JCB customers utilise Covid-19 loan scheme
By Belinda Smart20 January 2021
JCB Finance says the UK government’s Coronavirus Business Interruption Loan Scheme (CBILS) has helped its customers by enabling them to invest in and maintain their fleets during the pandemic.
JCB Finance was set up to finance JCB products and now provides CBILS-backed hire purchase on new and used machinery, commercial vehicles and plant. It confirmed on 20 January that it had delivered more than £50 million (€56.4 million) of loans via the scheme during the pandemic.
CBILS was established to support UK SMEs during Covid-19. JCB Finance is an accredited lender and has been assisting customers impacted by Covid-19, who need to invest in equipment, plant and vehicles.