Coronavirus (COVID-19) Support for Businesses
Unsecured loans up to £150,000 for businesses affected by coronavirus

Flexible finance for businesses of all ages

The Coronavirus Business Interruption Loan Scheme (CBILS), delivered through 40+ British Business Bank accredited lenders and partners, is designed to support the continued provision of finance to UK small businesses (SMEs) during the Covid-19 outbreak.

Smaller businesses from all sectors can apply for the full amount of the facility. To be eligible for a facility under CBILS, a smaller business must:

  • Be UK based in its business activity, with turnover of no more than £45m per year
  • Have a borrowing proposal which, were it not for the current pandemic, would be considered viable
  • Self-certify that it has been adversely impacted by the Coronavirus (COVID-19)

Please note: The following are not eligible under CBILS:

  • banks, insurers and reinsurers (nut not insurance brokers),
  • public sector bodies
  • further education establishments if they are grant funded, and
  • state funded primary and secondary schools.

To find answers to common questions around CBILS and how it relates to SMEs please see the CBILS FAQs for SMEs

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 for State for Business, Energy and Industrial Strategy (BEIS). Full details on CBILS eligibility criteria and the list of participating CBILS lenders can be found on the British Business Bank website.

  • Borrow £50,001 to £150,000
  • Terms up to 6 years
  • No guarantee fee for SMEs to access the scheme
  • Interest and fees paid by Government for 12 months
  • No personal guarantees for facilities under £250k
  • Where we can offer finance on normal commercial terms without the need to make use of the scheme, we will do so.
  • The borrower always remains 100% liable for the debt

Flexible rates, set up and repayment fees

Fixed or variable rate finance available for up to 100% of your funding requirement.

Business with a human touch

Impersonal letters and automated telephone services are not our style, all clients are connected with a member of our team.

We are not algorithm driven

Each client is recognised as an individual and their business is assessed in the same way.

Personal tailored service

Loans available to all sectors that are designed to meet the needs of each client.

Flexible terms up to 6 years

Various repayment options available.

Find support to help you through your application here

The Application Process

Follow these steps to apply. We’re here to help throughout the process.

1

Register

Once you click Apply you’ll be asked to register for an account. Here you can track and update your application profile. If you’re an existing client you can log in and pick up where you left off.

2

Application

This is where you explain the nuts and bolts of your business. Questions are straight forward and designed to help us understand your need.

3

Finalise

We don’t rely on computer generated decisions! At this point you may be asked to shed light on some further details; your own Investment Manager will be in touch.

4

Go!

If your application is successful it’s go time! We’ll transfer funds to your account and you can put them to use right away. If you’re unsuccessful we endeavour to provide feedback and guidance to help you in going forward.

What our clients say

Our clients tell the story best, see how our loans helped them.

"Thanks to the loan, we’re now able to implement our growth plan."

"The support from BEF has enabled us to revamp the deli and maintain our outstanding reputation. Mark and the team were so friendly and helped us through the process every step of the way."

"Throughout our journey so far, we have turned to BEF first for our funding requirements."