Tuesday, April 23, 2024
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DEALER BENEFITS FROM CBILS

Wheels Motorcycles, based in Peterborough, has secured a £350,000 package from Barclays under the Coronavirus Business Interruption Loan Scheme (CBILS).

Neil Steen, managing director of Wheels Motorcycles, said: “Motorcycling is seasonal so what we earn in the summer gets us through the winter. So in March, we were very busy, but then bang, everything stopped.

“When we realised three months’ lockdown would mean we wouldn’t be here next summer, we asked Barclays for support. This CBILS loan gives us the opportunity to survive and to be here for our customers.”

The company sells motorcycles and scooters as well as providing MOT services and accessories, training and a cafe.  The workshop remained open during lockdown, although the pandemic impacted its income.

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