What is the Coronavirus Business Interruption Loan Scheme?
The British Business Bank’s Coronavirus Business Interruption Loan Scheme ("CBILS") facilitates lending to smaller businesses. It is only available through accredited CBILS lenders and is designed to help SMEs manage cash flow during the COVID-19 pandemic.
Under the scheme, we can offer government-backed loans between £1,000 and £5m to businesses using our asset finance facilities.*
The Government will make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied charges.
*Our ability to provide you with finance is dependent upon us receiving a guarantee from the UK Government under the CBILS. This CBILS guarantee provides us with a partial guarantee, should you default on repaying us the amounts under the Finance Agreement. The CBILS guarantee is provided to us and not to you. You will always remain responsible for repaying the whole of the amount owing under the Finance Agreement.
If for any reason we are unable to secure the CBILS guarantee in relation to your finance at any stage of your application, we may no longer be able to lend to you. If this happens we will be in touch with you to inform you of our decision.
To apply for a CBILS-backed facility please fill in the form below (we recommend using a laptop or desktop for this).
Please note; wherever your company is part of a group structure, please ensure that the information completed relates to the Group rather than the individual company.