This scheme closed to new applications on 31 March 2021.
Coronavirus Business Interruption Loan Scheme (CBILS)
Security may be required. Over 18s only. Subject to status. Business use only. Any property or asset used as a security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it. Fishery, aquaculture and agriculture businesses may not qualify for the full interest and fee payment.
You may have been eligible if:
- You were a UK-based business;
- Your annual group turnover was no more than £45m;
- You could certify that your business has been impacted by coronavirus;
- You could show evidence of affordability for lending prior to coronavirus.
You would not have been eligible if:
- You were a bank, insurer, reinsurer (but not insurance brokers), public sector body, state funded primary or secondary school.
- Your business was subject to collections or collective insolvency proceedings.
- Your business already had (or was in the process of applying for) a Bounce Back Loan unless that loan was repaid as part of your CBILS application.
Useful info about our Coronavirus Business Interruption Loan
Working with British Business Bank
BBLS, CBILS and CLBILS are managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary for State for Business and Trade (formerly Business, Energy & Industrial Strategy-BEIS).
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.
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An arranged overdraft is a flexible, short-term safety net. Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.
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