Thank You

We'll progress your CBILS application to the next stage.

Timescales: We're experiencing extremely high levels of demand for our loan fund. We're scaling up as quickly as possible but please note:

  • It will probably take weeks, not days, to process your application. We absolutely understand the urgency so we're working as quickly as possible.
  • Unfortunately there is no 'fast track' option as everyone's application is urgent.
  • Different CBILS lenders have different requirements/restrictions. Transmit cannot lend more than £60,000 and we can only lend in England & Wales at the moment.

Next steps: Make sure you have your yearly or management accounts ready, and be prepared for us to request:

  • 3 months of business bank statements
  • 3 months of personal bank statements

We may also need you to generate a personal credit report. We'll explain just how to do this, and what we need to see.

Not going ahead: To withdraw your application, just send this email and we'll reply to confirm.

R&D Tax Claims

Did you know you can claim back a percentage of your costs linked to research and development (R&D) work you have carried out?

The Government has set aside £2.3bn per year for companies that have undertaken Research & Development (R&D).

You can claim back a percentage of the below costs, even if your R&D project failed.

  • The costs for each individual staff member who has worked directly on the R&D
  • The costs for any subcontractors hired to work directly on the R&D
  • The costs of any software required for the R&D
  • Consumables such as utility bills or wasted material costs that were consumed during the project
  • Qualifying Indirect Activities (ask us about this)
Click here to get started