Up to £5 Million

Business Interruption Loan

Fast Track Loan Service

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Business Interruption Loan

Clifton private finance

Flexible Finance To Help Businesses Manage Working Capital & Cashflow  

Fastrack application for the Coronavirus Business Interruption loan Scheme (CBILS):

Our service offers:

  • Funding from £100,000
  • Large business loans up to £5m
  • Term up to 6 years
  • Up to £250,000 with no personal guarantee
  • The government will pay interest and fees for the first 12 months
  • Must be limited company with annual turnover of £300,000+
  • Must have 3 years trading history
  • Payout typically within 48 hours of approval
  • Bypass slow high street banks
  • We also have access to short term business loan products up to 24 months for loans up to £10m secured on residential, commercial and semi-commercial property
We pride ourselves on providing excellent service responsive to your needs.
Call us on 0203 880 8890 to discuss your requirements.
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Business Interruption Loan Service

What is the Business Interruption scheme?

The Coronavirus Business Interruption Loan Scheme (CBILS) supports small and medium-sized businesses, with an annual turnover of up to £45 million, to access loans, overdrafts, invoice finance and asset finance of up to £5 million for up to 6 years.
 
The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees. This means smaller businesses will benefit from no upfront costs and lower initial repayments.
 
The government will provide lenders with a guarantee of 80% on each loan (subject to pre-lender cap on claims) to give lenders further confidence in continuing to provide finance to small and medium-sized businesses.
 
The scheme is delivered through commercial lenders, backed by the government-owned British Business Bank.

British Business Bank operates CBILS via its accredited lenders.

There are over 40 of these lenders currently working to provide finance.

They include:

• high-street banks
• challenger banks
• asset-based lenders
• smaller specialist local lenders
 
A lender can provide up to £5 million in the form of:
• term loans
• overdrafts
• invoice finance
• asset finance
 
CBILS gives the lender a government-backed guarantee for the loan repayments to encourage more lending. The borrower remains fully liable for the debt.
 
Under the scheme, personal guarantees of any form will not be taken for facilities below £250,000.
For facilities above £250,000, personal guarantees may still be required, at a lender’s discretion, but:
 
• recoveries under these are capped at a maximum of 20% of the outstanding balance of the CBILS facility after the proceeds of business assets have been applied.
• a Principal Private Residence (PPR) cannot be taken as security to support a personal guarantee or as security for a CBILS-backed facility. 

Loans that don't qualify for the business interruption scheme

Through our partners we have connections with over 500 lenders so if the Government scheme cannot help you there may be other options for you.

Next Steps

Contact our team on

Call us on 0203 880 8890 to discuss your requirements or use our online chat or complete our enquiry form.
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If you have any questions about our services or want to start making things happen please contact us