Compare Coronavirus Business Interruption Loans

  • The Coronavirus Business Interruption Loan Scheme (CBILS) is a government-backed scheme for businesses that are affected by COVID-19
  • Lenders have to be approved by the British Business Bank to offer CBILs and new lenders are being approved all the time
  • This comparison will regularly evolve as we identify lenders and brokers who can support businesses with CBILs
3 products found
    • B2Bfinance.com Business Interruption Loan (CBILS) logo
      Broker

      B2Bfinance.com Business Interruption Loan (CBILS)

      • 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)
      • Fully supported CBILS packaging process subject to £399 ‘Packaging Fee’
      • 100% online application process (including digital signatures)
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £50,000 to £5,000,000
      • Available Terms
        1 month to 6 years

      Company details

      • Fully supported CBILS packaging process subject to £399 ‘Packaging Fee’
      • Access ALL CBILS Lenders
      • No Personal Guarantee for loans below £250,000

      Eligibility criteria

      • Your turnover was at least £100k, or annual wage bill greater than £12.5K in 2019
      • Be UK-based in its business activity
      • Have an annual turnover of no more than £45 million
    • THINK Business Loans Business Interruption Loan (CBILS) logo
      Broker

      THINK Business Loans Business Interruption Loan (CBILS)

      • Package your CBILS application using THINKs market leading platform
      • THINK will complete all supporting impact assessments and cash-flow forecasts on your behalf
      • THINK can package your app in minutes enabling you to access to funds in days not weeks
      • Think will charge a one off packaging fee depending on the size of the facility
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £25,000 to £10,000,000
      • Available Terms
        1 month to 30 years

      Company details

      • THINK's funding platform matches your businesses eligibility against hundreds of lenders instantly (without a credit check)
      • THINK are the UK's leading business lending specialists; their experts are on hand to guide you through the process
      • Find the perfect loan in minutes - Make the lender work for you

      Eligibility criteria

      • You must be based in the UK
      • Your annual turnover must have exceeded £100k, or your annual wage bill greater than £12.5K in 2019
      • Your turnover cannot exceed £45 million
    • Funding Xchange logo
      Broker

      Funding Xchange

      • Funding Xchange’s free service matches your eligibility against CBILS government backed scheme and over 40 other lenders in seconds
      • Complete your application online in as little as 3 minutes and you could get funded in a few hours
      • It's simple, safe and free. We won't charge you any fees, and the search won’t affect your credit rating
      • Minimum Turnover
        £200,000 p.a.
      • Available Amounts
        £50,000 to £5,000,000
      • Available Terms
        12 months to 6 years

      Company details

      • Funding Xchange’s free service matches your eligibility against CBILS government backed scheme and over 40 other lenders in seconds
      • Complete your application online in as little as 3 minutes and you could get funded in a few hours
      • It's simple, safe and free. We won't charge you any fees, and the search won’t affect your credit rating

      Eligibility criteria

      • Minimum annual turnover of £200,000
      • Maximum annual turnover of £45million
      • Business activities must be UK based and impacted by Covid-19
Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

Coronavirus Business Interruption Loans Scheme FAQ

What types of businesses can apply to the Coronavirus Business Interruption Loan Scheme (CBILS)?

The Coronavirus Business Interruption Loan Scheme (CBILS) is designed for small to medium sized enterprises (SMEs) who don’t meet the normal lending requirements for a commercial loan, but who are considered viable businesses in the long term. If a lender can offer finance on normal commercial terms without needing to make use of the government-backed scheme, they will do so.

The following trades and organisations are not eligible to apply: Banks, Building Societies, Insurers and Reinsurers (excluding insurance brokers); The public sector including state funded primary and secondary schools; Employer, professional, religious or political membership organisation or trade unions.

Who is behind the Coronavirus Business Interruption Loan Scheme?

CBILS is managed by the British Business Bank, a state-owned economic development bank established by the UK government. CBILS loans are provided only through accredited lenders and supported by a range of approved partners. They include high street banks, challenger banks, asset-based lenders and smaller specialist local lenders.

How much can I borrow through the CBILS government backed loan scheme?

A CBILS accredited lender can provide a loan of up to £5 million in the form of term loans, overdrafts, invoice finance and asset finance.

What are the CBILS finance terms?

For term loans and asset finance facilities, up to six years. For overdrafts and invoice finance facilities, up to three years.

What is the eligibility criteria for a Business Interruption Loan under CBILS?

To be eligible for the scheme, SMEs must be UK based with a turnover of no more than £45 million per year. Applicants must have a borrowing proposal which would be considered viable by the lender were it not for the Coronavirus pandemic. Additionally, the lender must believe the provision of finance would allow the applicant to trade out of any short to medium term difficulty.

How do I apply for a business interruption loan?

Browse our comparison table of lenders and partners accredited by the British Business Bank.

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