International marketing services firm supported by MHA Financial Solutions secures six-figure CBILS facility
A Milton Keynes-based firm has successfully secured a loan under the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) in order to smooth cashflow through the Coronavirus pandemic.
Express KCS is a partner to brands and publishers around the world, providing marketing production support for digital, packaging, print and video, with offices in the UK, US and India.
The business was keen to access the scheme but were unsure what financial reports were required to meet the strict criteria required by authorised scheme lenders.
MHA Financial Solutions was approached to help identify the right lender and to assist with every step of the application process, answering any queries that the selected lender may have.
Commercial Broking Director, Ian Jackson helped to guide the client through the process, providing invaluable advice to help them suitably present the required financial information. There were additional complications as Express KCS operates as a multinational company, so ancillary communication with the lender was required to provide clarification where needed.
As part of the application process, the High Street lender also required a call with the CEO to discuss the purpose of the loan. Before the call, Ian helped brief CEO Robert Berkeley providing key points of the business upon which the lender would focus on.
With the guidance and support of Ian and MHA Financial Solutions, key eligibility criteria were met and queries answered quickly. This allowed the application to be approved 24 hours after this phone call with the CEO for the loan over a 6-year term period.
Commenting on the process, Ian said;
“I am delighted that we were able to help Express KCS to utilise the Government backed scheme to secure this funding package. With the speed that this scheme was established and variations on lending criteria across approved lenders, many businesses will be unsure what is required to apply and what questions may be asked.”
Robert Berkeley from Express KCS comments;
“MHA MacIntyre Hudson have handled our accounts for several years now, but they are always ready to support us in other areas too. As far as I’m concerned, they are our first port of call for any financially-related matter.”
MHA Financial Solutions is an independent financial intermediary and is currently helping a number of businesses with application and the securing of funding from Government schemes and traditional lending sources to help them at this uncertain time.
Find out more by visiting: www.macintyrehudson.co.uk/services/financial-solutions
About Express KCS
Express KCS Inc. is a global, independent provider of creative production services across print, online, mobile and video platforms. The company provides print and digital advertisement production, creative design, pre-media, editorial services, website, app development, and video post-production for brand owners, retailers, newspaper and magazine publishers, agencies and partners in North America and Europe. Express KCS is ISO 9001 certified and employs over 350 people globally.