• Home
  • Finance
  • Covid-19 Business Interruption Loan (CBILS)
<h2>What is Covid-19 Business Interruption Loan (CBILS)?<h2/>

What is Covid-19 Business Interruption Loan (CBILS)?

The UK Government has introduced a Coronavirus Business Interruption Loan scheme, (CBILS) to assist small and medium sized business (SEM’s) throughout this pandemic. Many businesses have been struck hard by this virus and this scheme allows your business to get hold of vital working capital. So apply now and bridge your way into the new year, and a new start.

The scheme will be delivered through commercial lenders, with 80% of the loan backed by the government-owned British Business Bank (subject to pre-lender cap on claims). The remaining 20% is provided by the lender.

The scheme applies to those UK-based businesses with an annual turnover of less than £45 million. You can secure loans up to the value of £5 million over a maximum 6-year repayment term. There are also no early settlement fees incase you bounce back quicker than you initially expected.

The scheme is available now through all major banks.

You will not be charged interest or fees for the first 12 months of your agreement, which is fantastic offering*.

Secure your CBILS Loan Today

Who is a CBILS Loan for?

Any business that:

– Is based or has a trading arm in the United Kingdom.

–  Has an annual turnover of less than £45m

– Is impacted by coronavirus to the extent where you fall outside normal lending criteria and can demonstrate you’ll continue to trade beyond short and medium-term

– Has a borrowing proposal which would be considered viable by the lender were it not for the COVID-19 pandemic

– Has a borrowing proposal that will enable your business to trade out of any short-to-medium term difficulty.

<h3>Who is a CBILS Loan for? <h3/>

Accessing CBILS is Quick and Easy

<h3>What Can I Use a Coronavirus Business Interruption Loan for?<h3/>

What Can I Use a Coronavirus Business Interruption Loan for?

Working Capital –

Does your business need that extra working capital to see you through the next financial period?

Debt Consolidation –

Have you accumulated bad debt while your business has been temporally closed under emergency health measures?

Investment –

Do you need to boost your capacity in order to improve sales? Do you need to invest in an additional temporary workforce?

If the answer is yes then a CBIL loan might be the right option for you.

*All loans remain subject to eligibility and affordability underwriting criteria.

What is the Eligibility Criteria?

To be eligible for a CBILS you have to be able to answer yes to the following questions;

  • Are you a sole trader, a partnership or an individual acting on behalf of a company or a company?
  • Is your business based in the UK?
  • Does your business (or group of businesses) have a turnover of no more than £45 million?
  • Does your business generate more than 50% of its turnover from trading or commercial activity in the UK?
  • Certify that your business has been adversely affected by the Coronavirus pandemic

Check Your Eligibility For CBILS a Loan


By submitting your details you agree to the terms of our Privacy Policy.

We’re trusted by thousands of small and
medium sized businesses.

We take pride in working with thousands of UK businesses, and we really appreciate what they say about our
products and services.