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Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme (CBILS)

ART Business Loans is an accredited partner of the scheme

This is a new scheme that supports smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

Eligibility Criteria

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.

The business must have a borrowing proposal  which were it not for COVID-19 would be considered viable by the lender, and for which the lender believes the provision of finance will enable the businesses to trade out of any short to medium term difficulty.

Please note our loan support is only available across the West Midlands, Herefordshire, Shropshire, Staffordshire, Worcestershire and Warwickshire.

Frequently Asked Questions

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).

• Loans between £50,001- £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
• Personal guarantees will not be required
• The borrower always remains 100% liable for the debt

For ART’s Terms and Conditions click  ART-TC CBIL

For an Application Form (The attached T&C’s are superseded by those above) – click here – Application Form

For Further details of the scheme visit these pages at British Business Bank or watch the short video

CBILS Scheme Video

CBILS Scheme details

CBILS FAQ’s

CBILS Quick Eligibility Check

 

 

The Coronavirus Business Interruption Loan programme is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy. For full details visit www.british-business-bank.co.uk/CBIL

Do I Qualify for a Loan?

Yes, if the following applies to you:

Apply Now