A second-generation cleaning company is benefitting from a five-figure Coronavirus Business Interruption Loan (CBIL) from Lloyds Bank.
Class Cleaning of Louth, based in the Lincolnshire town, was founded in 2005 and offers a range of domestic and commercial cleaning services. The business has had to temporarily cease trading in the face of coronavirus, with a large proportion of its customers OAP’s and those most vulnerable to the virus.
The CBIL scheme provides funding for smaller businesses that are experiencing lost or deferred income as a result of coronavirus and that would not otherwise secure bank finance. The loan is enabling Class Cleaning to continue to pay its staff.
Owner Amanda Turner, who took over the company from her father and stepmother in 2017, has also taken a pay cut to ensure her five members of staff, four full-time and one part-time, can keep being paid while the business is not able to operate.
Danial Helsby, Branch Business Manager, Lloyds Bank, said: “The value of the CBIL scheme cannot be underestimated. In the case of businesses such as Class Cleaning, and the likes of some high-street restaurants, cafés and hairdressers, it’s providing a lifeline for the future.
“We’re working flat out to be by the side of as many businesses as possible. The response turnaround time from the team has been spot on because we know it needs to be. We’re seeing daily that it’s making a massive difference.”
Amanda Turner, Owner, Class Cleaning of Louth added: “I put in an application last week and received a call from Danial within a couple of hours. He’s since kept me updated constantly on the process and next steps, which has helped make a difficult situation a lot easier. I took the company on from my dad and stepmum, so keeping it going, keeping the lights on, means everything to me.”