The Coronavirus Business Interruption Loan Scheme (CBILS), delivered through British Business Bank accredited lenders and partners, is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.
It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities. Please note that for term loans and overdrafts, the minimum amount a lender can offer under CBILS is £50,001.
The UK Government will make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees, so smaller businesses will benefit from no upfront costs and lower initial repayments. No personal guarantees are required for CBILS facilities up to £250,000.
Smaller businesses from all sectors* can apply for the full amount of the facility. To be eligible for a facility under CBILS, a smaller business must:
*Please note, the following are not eligible under CBILS:
LendingCrowd CBILS loans
Is your business eligible?
We will need further information to confirm eligibility. Your application will not be deemed to have been submitted until you have provided all the required information and documentation. Please note: when taking out a CBILS loan, the borrower remains fully liable for the debt.
Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.
Frequently asked questions
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