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.
To be eligible for support via a CBILS facility, a business must: