COVID-19 Business Interruption Loan (CBIL)
Coronavirus Business Interruption Loan Scheme (CBIL)
The COVID-19 Business Interruption Loan is delivered by British Business Bank accredited lenders to help businesses gain much needed access to finance during the current Covid-19 outbreak.
The CBIL scheme has been so designed to specifically support UK smaller businesses (SMEs) via a potentially more quicker and accessible route to finance during the outbreak of Covid-19.
It enables CBIL lenders to provide loan facilities (up to £5 million) to those UK businesses (SME’s) experiencing lost or deferred revenues, which as a natural consequence then results in business cash flow disruption. A wide range of business finance products are supported via CBIL, such as term loans, overdrafts, invoice finance and asset finance facilities.
To safeguard the lender the scheme has a government-backed guarantee, facilitating lending during a time when the borrower may otherwise not have passed ‘normal’ lending criteria thresholds.
N.B. The borrower remains liable for 100% of any facility that may be provided
If seeking more information about the scheme, please visit the British Business Bank website. Also find answers to frequently asked questions through the British Business Bank’s FAQ.
Our partner is a member of the National Association of Finance Brokers. Therefore well positioned to provide critical accredited business support to businesses at this difficult time.
How we can help
- We can provide access to the growing list of accredited lenders on the CBIL scheme
- Offer assistance with the information required for application
- Undertake Business Plan and Forecast preparation where required
- Enhance the speed of application
- We understand what it is the lender requires and the level of information needed
- Direct access to the actual managers delivering the scheme – SAVING YOU TIME and getting ACCESS to cash for your business quickly.
Coronavirus Business Interruption Loan – Request a Call Back
If interested in knowing more about coronavirus business interruption loan & how we can help. Please provide a few brief details and we’ll get right back as we know, and are too fully aware that speed is of the essence.