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
6 products found
  • Funding Circle Business Interruption Loan (CBILS) logo
    Peer To Peer

    Funding Circle Business Interruption Loan (CBILS)

    • CBILS Business Loans from £50,001 up to £500,000
    • Nothing to pay for 12 months - No upfront fees - No early settlement fees
    • Simple online application & decisions typically in 24 hours
    • Rates between 1.8% and 7.4% APR
    • Minimum Turnover
      £200,000+ p.a.
    • Available Amounts
      £50,001 to £500,000
    • Available Terms
      2 to 5 years

    Company details

    • Funding Circle, supporting small businesses for over 10 years
    • Used by over 57,000 UK businesses
    • All Funding Circle do is small business, as a result 9 out of 10 of their businesses would come back first next time

    Eligibility criteria

    • UK-based business - 3 years of trading history - Adversely affected by coronavirus
    • Loan primarily for trading in the UK
    • Annual turnover from £200K+ up to £45 million - Over 50% of turnover from trading activity (e.g. not from investments)
  • EJ FInance Business Interruption Loan (CBILS) logo
    Broker

    EJ FInance Business Interruption Loan (CBILS)

    • Application-to-offer within 24 hours
    • To be contacted within 3 minutes of applying
    • No repayments for 12 months
    • Minimum Turnover
      £200,000 p.a.
    • Available Amounts
      £51,000 to £250,000
    • Available Terms
      1 to 6 years

    Company details

    • Application-to-offer within 24 hours
    • To be contacted within 3 minutes of applying
    • Access to over 200+ lenders, covering all sectors

    Eligibility criteria

    • Must have an annual turnover of at least £200,000
    • Must have been trading for at least 12 months
  • Swoop Funding Business Interruption Loan (CBILS) logo
    Broker

    Swoop Funding Business Interruption Loan (CBILS)

    • Get matched with majority of government-approved CBILS lenders
    • No fees and a team of experts to help with the application process
    • Fast turnaround - funding usually within days
    • Minimum Turnover
      £200,000 p.a.
    • Available Amounts
      £50,001 to £5,000,000
    • Available Terms
      1 month to 6 years

    Company details

    • Simple, secure and speedy access to over 1,000 funding providers without affecting your credit rating
    • Experts in CBILS – borrow from £50k to £250k with no personal guarantee, no fees, no repayment for 12 months, no early settlement fee
    • Speak to Swoop's team of experts – five-star Trustpilot rated

    Eligibility criteria

    • Must be based in the UK
    • Must have an annual turnover of £50,000+
  • 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
    • You must have been trading at least one year with sales of more than £100,000 in 2019
    • No application fee, packaging fee or broker fees
    • Access all CBILS lenders with one form
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £51,000 to £5,000,000
    • Available Terms
      1 month to 6 years

    Company details

    • 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
  • Portman Asset Finance Business Interruption Loan (CBILS) logo
    Broker

    Portman Asset Finance Business Interruption Loan (CBILS)

    • Business Finance Broker with specialist experience securing CBILS funding
    • Borrow from £50,001 up to £1 million, have your funds in as little as 48 hours
    • Rapid application service for businesses trading 3 years+/£150k+ turnover
    • Dedicated CBILS specialist account managers
    • Minimum Turnover
      £150,000+ p.a.
    • Available Amounts
      £50,001 to £1,000,000
    • Available Terms
      2 to 5 years

    Company details

    • Business finance broker with specialist sector experience to offer fast and flexible finance solutions
    • Access over 40 leading UK business finance providers
    • Dedicated CBILS specialist account managers

    Eligibility criteria

    • Business must have been adversely impacted by Coronavirus pandemic
    • Must be a limited company
    • Must have been trading 3 years or more
    • Minimum turnover 150K per annum
  • 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

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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