A live music and entertainment venue in Bristol is the latest business to benefit from a CBILS- backed loan via SWIG Finance.
An £80k CBILS investment has been made to support Centurys Club – a long- established venue in Kingswood, which, like many other businesses operating in the night-time economy, has been unable to trade since the pandemic started.
The funding comes at a critical time, because, although the UK is losing 40 night-time businesses each weekis a roadmap in place for reopening and the business can, with the injection of vital investment, start to plan for the future.
Centurys Club is owned by local businessman and ex- professional snooker player, Jamie Woodman, who said, “The uncertainty around reopening has made this a very challenging time for us. The CBILS loan has helped to lift some of that pressure so that we can begin to look ahead. My business manager, Nicola, was proactive and professional, and she was able to process the application very efficiently”.
SWIG Finance’s Business Manager, Nicola Mapp led the deal. She commented “Anyone who lives in Kingswood and the nearby areas will know that Centurys Club is an integral part of the local community. We are pleased that we can support this business during these difficult times”.
About SWIG Finance
SWIG Finance is the South West’s leading Community Development Financial Institution (CDFI). We are passionate about bringing social and economic benefits to people and places in the South West.
We do this by providing support and finance to Start Ups and growing SMEs that can create and secure employment opportunities.
As the South West’s leading delivery partner for Start Up Loans UK, we can provide Start Up Loans from £500 – £25,000. For more information visit https://www.swigfinance.co.uk/start-up-loans/
We also have loans from £10,000 to £250,000 available to South West SMEs who cannot access sufficient funding from their bank https://www.swigfinance.co.uk/funds-available/
For an informal discussion about your funding requirements, get in touch with our friendly and professional team to find out how we can help: [email protected] / 01872 227 932.