A cleaning company that has been able to stay in business in the face of the coronavirus, says it is determined to come back stronger than ever, thanks to support from Lloyds Bank Commercial Banking.
Class Cleaning of Louth is benefitting from a 5-figure Coronavirus Business Interruption Loan (CBILS) from Lloyds Bank.
The second-generation cleaning company, based in Lincolnshire, was founded in 2005 and offers a range of domestic and commercial cleaning services. Owner Amanda Turner, who took over the family business in 2017, said she has been able to keep the business going by offering a reduced service due to government-backed financial support.
I made an application last week and received a call from the bank within a couple of hours on how to access the scheme.
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.
I have taken a pay cut to ensure my 5 members of staff, 4 full-time and 1 part-time, can keep being paid while the business is not able to fully operate.
We have adapted our business model and are now offering a significantly reduced service. We have a skeleton team operating a small number of jobs, though of course we’re respecting all the social distancing guidelines.
The family business is incredibly important to me and the support we’ve received from Lloyds has allowed us to secure jobs and gives us the security that we need right now. We know that we will survive the coronavirus outbreak and we fully intend to come back from this even stronger.
Danial Helsby, Branch Business Manager, Business Banking, Lloyds Banking Group 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.
If you run a business and would like to know which of the coronavirus support schemes you are eligible for, you can use the business support finder tool. It takes just minutes to complete and will help you easily find support for your business.