Overview

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the Covid-19 outbreak.

SMEs applying must:

  • Be UK-based in its business activity
  • Have an annual turnover of no more than £45 million
  • Have a borrowing proposal which the lender would consider viable, were it not for the current pandemic
  • Self-certify that it has been adversely impacted by the coronavirus (COVID-19)
  • Not have been classed as a “business in difficulty”, if applying to borrow £30,000 or more
    (please note that criteria around the classifications of businesses in difficulty changed on 25 September 2020).

Key dates

Apply by | 30 November 2020

Find out more and apply

Full details about this loan scheme can be found on the British Business Bank website