We were delighted to help Stevenage based PPA Group Limited to successfully access funding through the Coronavirus Business Interruption Loan Scheme (CBILS).
Established in 1987, PPA Group Limited has evolved into a brand that is widely recognised in the Travel and Technology environment. The Group’s impressive portfolio comprises of Leisure Online, Agency Wholesaling, Fulfilment and Travel Technology divisions working both in the UK domestic market as well as on an international basis.
As a result of COVID-19, governments placed restrictions on global travel which had an immediate impact on PPA Group’s business activities. Whilst experiencing an interruption to its sales, PPA Group sought our support in accessing funding through the Coronavirus Business Interruption Loan Scheme (CBILS).
We helped PPA Group secure an undisclosed CBILS loan to cover the anticipated working capital needs over the next 12-18 months. Along with the swift actions PPA Group’s management team applied to the business, the company will be able to fully withstand the disruption from the COVID-19 pandemic.