We are an accredited provider of the government’s Coronavirus Business Interruption Loan Scheme (CBILS), offering loans of £750,000 to £5m, with no interest or fees for the first 12 months. Funds may be used for short-term needs, such as working capital, or longer-term projects, such as expanding a firm through M&A.
The Coronavirus Business Interruption Loan Scheme (CBILS), delivered by lenders accredited by the British Business Bank, is designed to support UK SMEs that are experiencing lost or deferred revenues during the Covid-19 pandemic, leading to disruption to their cash flow.
The government guarantees 80% of each loan and covers the interest and fees for the first 12 months. We offer CBILS term loans, which range from £750,000 to £5m and may be repaid over a maximum term of five years. CBILS is open for applications until 31 March.
This scheme can help companies to thrive, not just survive – so we will tailor your loan to your needs, whether you require funds for working capital or money to implement growth strategies, such as buying an existing business in the UK.
Legal notice: The Coronavirus Business Interruption Loan Scheme (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 (BEIS). The British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details about CBILS and the list of accredited lenders can be found on its website.
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