Cambridge & Counties Bank is waiving the documentation fee for all asset finance deals drawn under a credit line until 30 April 2021.
Specialist lender Cambridge & Counties Bank is waiving the documentation fee for all asset finance deals drawn under a credit line between 1 February and 30 April 2021.
The bank’s business customers will save a £200 documentation fee each time they draw down from a pre-agreed credit line during the promotional period.
The three-month campaign will allow businesses to invest in new capital expenditure and benefit from Cambridge & Counties' £1m annual investment allowance for qualifying purchases.
If a customer takes a credit line for £500,000, for example, they can draw down individual amounts during the promotional period and not pay any documentation fees.
Cambridge & Counties Bank's asset finance suite helps SMEs invest in business-critical assets such as vehicles, construction equipment, plant and machinery, cranes and CNC machinery.
Simon Hilyer, senior business development manager at Cambridge & Counties Bank, said: “Our highly competitive credit line facility is ideal for businesses wanting to benefit from the £1m annual investment allowance provided by the government until the end of 2021.
"Credit lines can be a compelling solution for many businesses, helping to fund expansion plans following a difficult 12 months or to release finance locked into fixed assets, providing a cash flow injection among other benefits.”
