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Coronavirus Business Interruption Loan Scheme (CBILS)

To help British businesses affected by the Covid-19 pandemic, LendingCrowd is offering CBILS loans from £50,001 to £250,000 – with nothing to pay for the first 12 months

Is your business eligible for a CBILS loan?

To be eligible for a CBILS loan, your business must:

  • Be UK based in its business activity, with turnover of no more than £45m per year

  • Have a borrowing proposal which, were it not for the current pandemic, would be considered viable

  • Self-certify that it has been adversely impacted by the Covid-19 pandemic

Borrow from £50,001 to £250,000

Borrow from £50,001 to £250,000

No upfront fees

No upfront fees

Nothing to pay for first 12 months

Nothing to pay for first 12 months

LendingCrowd CBILS loans

Is your business eligible?

  • Borrow from £50,001 to £250,000
  • Based in the UK
  • Rates from 5.6%
  • Turnover below £45 million
  • Term: 36 months or 60 months
  • 50% of income from trading activity in the UK
  • Nothing to pay for first 12 months
  • Adversely affected by Covid-19
  • No early repayment fees
  • Viable if it wasn’t for the pandemic
  • 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. Visit british-business-bank.co.uk

    Learn more about CBILS loans

    LendingCrowd is working with the Government-owned British Business Bank to help deliver the Coronavirus Business Interruption Loan Scheme (CBILS).

    Want to know more?

    Frequently asked questions

    • What is the Coronavirus Business Interruption Loan Scheme (CBILS)?
      CBILS, delivered through lenders and partners accredited by the British Business Bank, is designed to support the continued provision of finance to UK SMEs that are experiencing lost or deferred revenues, leading to disruptions to their cashflow, during the Covid-19 pandemic.
      The UK Government pays the interest on the loan during the first 12 months, along with any arrangement fees that would have been paid by the borrower.

    • How much can I borrow?
      With LendingCrowd, you can borrow between £50,001 and £250,000 using CBILS. Loan terms are either 36 months or 60 months, with no repayments due for the first 12 months.

    • What documents will I need to apply for a CBILS loan?
      To complete your CBILS application, you’ll need to supply:
      • Two years’ filed accounts
      • Six months’ bank statements
      • Details of current borrowing
      • Management information (if available)
      • Business plan (if available)

    • Will I need a personal guarantee?
      No personal guarantee is required for CBILS loans up to £250,000. The UK Government provides us with a guarantee of 80% of the loan. Please note: when taking out a CBILS loan, the borrower remains fully liable for the debt.

    Any questions? Get in touch

    Visit our help centre or give us a call and we’ll be happy to help.

    help centre

    0345 564 1600

    You can call us Monday to Friday from 9am to 5:30pm.

    If you invest through LendingCrowd you should understand that your capital is at risk.

    LendingCrowd is the trading name of Edinburgh Alternative Finance Limited, Company Number SC468392, authorised and regulated by the Financial Conduct Authority (Firm reference number 670991). LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

    Read more about the risk involved when investing and borrowing.

    The company's registered office is 23 Manor Place, Edinburgh, EH3 7DX.

    Copyright © LendingCrowd 2020. All rights reserved.

    Best P2P Business Lender ICAS

    LendingCrowd is working with the British Business Bank to help deliver CBILS loans to SMEs affected by the Covid-19 pandemic. Find out more: