The Coronavirus Business Interruption Loan Scheme (CBILS) is a new scheme that supports smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.
You must be a UK-based SME with an annual turnover of up to £45 million per year and your business must generate more than 50% of its turnover from trading activity. Your application must be for business purposes to support primarily trading in the UK.
Frequently Asked Questions
For further information please download the CBILS FAQs for SMEs document (PDF, 228kb).
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 at: www.british-business-bank.co.uk/CBILS.
 Fishery, aquaculture and agriculture businesses may not qualify for the full interest and fee payment.
Fixed or variable rate finance available for up to 100% of your funding requirement.
Impersonal letters and automated telephone services are not our style, all clients are connected with a member of our team.
Each client is recognised as an individual and their business is assessed in the same way.
Loans available to all sectors that are designed to meet the needs of each client.
Various repayment options available.
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.
This is where you explain the nuts and bolts of your business. Questions are straight forward and designed to help us understand your need.
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.
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.
"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."