Beam ABA Services helps improve the lives of young people with complex behavioural needs using the evidence-based practice of Applied Behaviour Analysis (ABA). Beam works with individuals with Autism Spectrum Disorder (ASD), Attention Deficit Hyperactivity Disorder (ADHD) and other complex behavioural needs using ABA therapy to bring about meaningful and purposeful change in behaviour, growing an individual’s independence and enhancing their experience of the world. They work with children and young people across early intervention, school, university and transition years. It provides a critical lifeline for young people, many of whom, without Beam, would require specialist residential or hospital support.
Cattaneo Corporate Finance has advised Beam, which is backed by Root Capital, on raising debt finance from HSBC under the Government’s Coronavirus Business Interruption Loan Scheme (CBILS). Cattaneo undertook an assessment of the proposal under CBILS eligibility, provided support in collating and preparing the financial information required for the application, and prepared the funding proposition that was submitted to HSBC.
The CBILS funding will support Beam in trading through the period affected by Coronavirus and allow the business to continue to build on the critical support it delivers.
Commenting on the process, director Cormac Duffy, said:
“We are extremely grateful to the team at Cattaneo for their help and assistance with our successful application. Their ability to interpret the CBILS criteria as soon as it was announced and to assess the changes as they developed, as well as their insight into how the banks were approaching what was also a brand new process for them, enabled us to get it right first time and ensure that we qualified for funding. This funding is key to helping our organisation to continue to provide support to an extremely vulnerable population. It was clear that not only did the team have a sound understanding of the processes involved in securing funding, they also understood our needs as an organisation and were fully supportive throughout.”