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Watch our short video below to see how easy it is to switch to a new mortgage rate.

You can switch your rate online – but please book an appointment if you’d like help to choose a rate or want to make other changes. Lines are open all day, every day – except during bank holidays and Christmas period, when lines may be closed at off-peak times.

The Coronavirus Business Interruption Loan scheme 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 scheme provides lenders with a government-backed guarantee of 80 percent on facilities of up to £5 million where Barclays and other lenders would not otherwise be able to provide finance to a customer.  If however we can offer finance on normal commercial terms without the need to make use of the CBILS scheme, then we are obliged to do so.

What size loan can I apply for via the scheme?

The minimum loan limit threshold is above £25k and the maximum loan limit available via this scheme is £5 million.

Is the CBIL Scheme a loan or a grant?

The scheme is not a grant. The scheme provides a guarantee to a lender i.e. the bank to allow them to provide finance, but businesses will still have to repay this loan or facility in full. Businesses are responsible for repayment of 100% of the debt, not just the 20% outside the coverage of the government's guarantee.

As businesses are liable in full for the debt, lenders may ask for personal guarantees and security over business assets to support the borrowing facilities.

The government has announced a number of support measures for businesses, such as grants, which businesses may be eligible for. More information on these measures are available on Gov.uk.

Which products are covered under CBILS?

We're offering CBILS term loan facilities.

Why aren't we providing CBILS for loans  under £25k?

Whilst the introduction of CBILS allows us to support more businesses through this crisis, if we can offer finance on normal commercial terms without the need to make use of the scheme, we're obliged by the Government to do this. We currently offer fee-free loans under £25k as part of our standard proposition. These are subject to business viability.