Cattaneo Corporate Finance has advised Window Widgets on raising additional debt finance from Shawbrook Bank under the Government’s Coronavirus Business Interruption Loan Scheme (CBILS).
Window Widgets manufactures ancillary products for residential window systems as well as its own premium design focused window and door systems, the Residence Collection.
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 Shawbrook.
The CBILS funding will support Window Widgets in trading through the period affected by Coronavirus and allow the business to continue to build on its exciting progress since undertaking their Management Buy-Out in December 2019, which Cattaneo also supported on.
Commenting on the process, Charles Cattaneo, said:
“The CBILS loan comes at just the right time following a period of disrupted trading, providing the necessary support and financial resources to allow the management team of Window Widgets to continue to invest in the business and deliver the growth plan that they had developed at the time of the management buyout in December 2019.”