From 17th June, JCB Finance’s new and existing customers, who need to invest in JCB equipment or non-competitive machinery made by other manufacturers, but have concerns about the impact of Coronavirus on their cash flow, will be able to apply for a CBILS-backed hire purchase facility. The fixed rate facility will have a 6 month payment pause, then 48 monthly instalments with the British Business Bank paying the interest during the first 12 months.
JCB Finance Managing Director Paul Jennings said: “With over 10,000 SME customers across construction, industry and agriculture, JCB Finance is well placed to help get the funding where it’s needed and help support businesses as they experience lost or deferred revenues because of COVID-19."