-
A man looking at a laptop on a desk in a white room

Coronavirus Business Interruption Loan Scheme

Supporting your business during coronavirus

Get the financial help backing you need to help your business cope with coronavirus (COVID-19) through this government-backed scheme. Updated with the latest eligibility and borrowing terms1.

See if you’re eligible and start your application online.

Key features and benefits

This scheme is designed to support UK based small and medium-sized businesses, with a turnover of up to £45 million, with a viable business proposition but are struggling with the challenges of the coronavirus situation.

Further information can also be found on the British Business Bank and Bank of England websites.

Loans up to £5 million

You can currently apply for a loan of between £50,001 and £5 million from us.

For loans up to £50,000, please take a look at the Bounce Back Loan scheme.

Flexible terms available

Spread repayments of your loan from 1 to 6 years

Interest free period

In order to support client cash flow issues, the arrangement fees and the first 12 months interest will be paid by the UK government as a “Business Interruption Payment”

Is your business eligible?

On 2 April 2020, the government updated the eligibility and personal guarantee requirements for the Coronavirus Business Interruption Loan Scheme (CBILS)

The CBILS is available to businesses affected by coronavirus (COVID-19) who

  • Are UK-based and operate in the UK
  • Have a borrowing proposal that, if not for coronavirus, would be considered viable
  • Require a loan to enable trading during short-to-medium term difficulty
  • Have a group turnover of up to £45 million
  • Can afford to repay the loan for a term up to six years

Additional details

  • The scheme provides the lender with a government-backed 80% guarantee, subject to the annual claim limit
  • Smaller businesses from any sector2 can apply for loans for the full amount
  • Security may be required, subject to application
  • We won't take personal guarantees as security for any CBILS loans 
  • The borrower’s primary residential property can't be taken as security under the scheme
  • There are flexible repayment structures and the option to take capital repayment holidays, so that payments can be matched to income (subject to prior approval)

Important information

You’re responsible for repaying 100% of the loan. Where default occurs, we follow our standard commercial recovery procedures (including the realisation of security) before we make a claim against the government's guarantee for any shortfall. Loans are available to most business sectors, but restrictions apply

CBILS is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy.

The CBILS isn’t available to businesses borrowing £50,001 or more if the business was an ‘undertaking in difficulty’ as of 31 December 2019. ’Undertaking in difficulty’ is defined in Article 2 (18) of the Commission Regulation (EU) no. 651/2014 of 17 June 2014. When you apply, we’ll ask you to confirm that your business wasn’t an undertaking in difficulty as of 31 December 2019.

The rules that decide whether you are an 'undertaking in difficulty' have now changed for smaller businesses – please see our FAQs below for further detail.

Want to find out more?

Start your application

You can start your application online. We’ll ask you some questions to see if you’re eligible, and you’ll need to give us some information about your business to support the application. We’ll contact you once we’ve started the process.

Call us

Call our dedicated helpline on 0800 1971 0863 between 8am and 8pm Monday to Friday.

COVID-19 Support for Businesses

Additional information about this and other products can also be found on the UK Government website.

Frequently Asked Questions (updated 29 July 2020)

Alternative borrowing options

Loans

Business loans

You know your business. We know how to help.

It’s the hardest job you’ve ever done. We know how to help you take the next step, with unsecured business loans of up to £100k4.

Business overdrafts

Business overdrafts

A flexible overdraft that moves with your business demands

An overdraft could help you deal with seasonal trends and short-term cashflow challenges. Borrow up to £50,000 unsecured – the money could be available to you in days.

Business invoices in a ring binder at a desk

Invoice finance

Unlock cash tied up in your outstanding invoices

Seize new opportunities, help grow your business, improve cashflow – these are just some of the ways your business could benefit from invoice finance5.