Cambridge & Counties launches new asset finance campaign

Cambridge & Counties Bank has announced it will waive the documentation fee for all asset finance deals drawn under a credit line between 1st January and 31st March 2022.

As part of this, business customers will save the £200 documentation fee each time they draw down during the period.

The promotion is also beneficial for businesses looking to invest in new capital expenditure, particularly for those wanting to take advantage of the £1m annual investment allowance available for qualifying assets, which was extended by the Rishi Sunak in this year’s autumn Budget.

The three-month campaign follows the success and popularity of similar previous initiatives, which led to an increase in enquiries for the bank.

Simon Hilyer, senior business development manager at Cambridge & Counties Bank, said: “Our latest credit lines promotion is great timing for businesses who want to take advantage of the investment allowance extension on qualifying assets.

“We know that credit lines can be an appropriate, cost-effective solution for many businesses, helping to fund expansion plans or to release finance locked into fixed assets, providing a cashflow injection among other benefits. 

“Asset finance remains a core specialism for the bank, and we expect enhanced demand and growth in 2022.”

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