The Coronavirus Business Interruption Loan Scheme (‘CBILS’) deadline has been extended and now closes to new application on the 31st January 2021; applications received before that date can be processed and paid out until 31st March 2021 at the latest.

The CBILS eligibility criteria for businesses are:

  • The business must have been impacted by Covid-19
  • Turnover must not exceed £45m
  • Have a viable borrowing proposition were it not for the pandemic
  • UK-based in their main trading activity

Further criteria apply and can be found on the British Business Bank website.

Our lending criteria covers:

  • Limited Companies based in England and Wales
  • Facilities from £5,000 to £100,000
  • Maximum Interest Rate for CBILS Facilities of 14.9% per annum
  • Hire Purchase or Finance Lease for equipment purchases
  • Asset Refinance for equity release from existing equipment or machinery
  • Businesses trading more than 6 months

To find out more or to apply, please contact us from our dedicated CBILS page.