Coronavirus Business Interruption Loans – “CBILS”

We are able to consider applications for CBILS and have alternative options from several different lenders. These include both unsecured loan and asset finance options.

Eligibility
 Advances £50k – £250k

• UK based limited companies who have been adversely affected by Coronavirus issues.
• Business currently viable.
• Loan must be for business purposes.
• Loan to support trading in the UK, not for export.
• If you have a Bounce Back Loan this will need to be repaid.  It is not possible to have both.

Features

•  No repayments or capital only for the first 12 months. 
•  The interest and fees for the first year are paid by the government.
•  The government provide the lender (not the borrower) with a guarantee of 80% of any loss.
•   Maximum APR= 9% (usually around 6%-7%).
•  No personal guarantees

Information Required

•  Completed application form.
•  2 years certified accounts.
•  6 months bank statements