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17 July 2020These are the financial service providers accredited by the BBB to allocate the Coronavirus Business Interruption Loan Scheme (CBILS).
17 July 2020This information was updated on the 16 July 2020. We're working hard to keep our content up to date, but if you do spot an error let us know on insights@iwoca.co.uk.
The Coronavirus Business Interruption Loan Scheme or 'CBILS', is a Government-backed lending initiative designed to help out small businesses that are struggling financially due to the coronavirus.
Businesses with a turnover of less than £45m can apply for loans of between £50,001 and £5m, and also access invoice finance, overdrafts and asset finance.
The first 12 months of any CBILS loan agreement are interest-free and loans of less than £250,000 are available with no personal guarantee. For loans above £250,000, a personal guarantee will be attached to 20% of your outstanding loan amount. The borrowing business will always remain responsible for 100% of the debt and be required to pay off the borrowed sum in full.
The Government aren't lending the money themselves. Instead, they've accredited over 80 lenders to distribute the funds to those that need it most. We've put together a list of these lenders so you can get a better idea of where you can apply for CBILS funds.
The British Business Bank (BBB) is owned by the UK Government, and is designed to make the financial markets work better for small businesses. They're the organisation behind the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). When it comes to CBILS, the BBB are responsible for choosing which lenders will be able to distribute the funds.
Yes, the British Business Bank recently accredited us as a CBILS lender, and we're excited to continue supporting small businesses through the scheme.
Our CBILS loans offer:
We've broken down the following list of CBILS lenders into those available nationwide, regionally and those offering specialist or alternative finance. Use the side bar to navigate to the relevant section or scroll down to view them all.
The lenders have been listed in alphabetical order to make it easier to browse each section.
These are listed in alphabetical order
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
These are listed in alphabetical order
Product: Term loans
Amount: £50,001 – £200,000
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Asset finance
Amount: £50,001 – £250,000
Duration: 12 – 60 months
Application: More details
Product: Term loans, asset finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: 3 months – 5 years
Application: More details
Product: Term loans
Amount: £50,001+
Duration: Up to four years
Application: Not currently open
Product: Term loans
Amount: £250,00 – £5m
Duration: Up to five years
Application: More details
Product: Term loan (broker required)
Amount: £100,00 – £5m
Duration: Up to six years
Application: More details
Bank Leumi are yet to release information on how they plan to deliver their CBILS offering
Product: Term loan
Amount: £50,001 – £150,000
Duration: Up to six years
Application: More details
Product: Term loan
Application: More details
Product: Term loans
Amount: £50,001 – £150,000
Application: More details
Product: Term loans, asset finance, invoice finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans, overdrafts
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Asset finance
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
More details can be found here
Product: Term loans
Amount: £50,001 – £150,000
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Application: More details
Product: Term loans
Amount: £50,001 – £250,000
Duration: Up to three years
Application: More details
Product: Term loans
Amount: £50,001 – £250,000
Duration: 2 – 5 years
Application: More details
Product: Term loans
Amount: £100,000 – £750,000
Duration: Up to five years
Application: More details
Product: Term loans, invoice finance
Amount: £100,00 – £5m
Duration: Up to five years
Application: More details
More details can be found here
More details can be found here
Product: Term loans, invoice finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £250,000
Duration: 36 or 60 months
Application: More details
Liberis Finance only offer a three month repayment holiday
Product: Term loans
Amount: £50,001 – £150,000
Duration: 12 or 24 months
Application: More details
Product: Term loans, invoice finance
Amount: £50,001 – £150,000 (£5m for invoice finance)
Application: More details
Product: Term loans, asset finance
Amount: £50,001 – £500,000
Duration: 2 – 5 years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Application: More details
Product: Term loans
Amount: £50,001 – £250,000
Duration: Up to five years
Application: More details
Newable have paused their CBILS offering
Product: Term loans
Amount: £50,001 – £250,000
Duration: Up to six years
Application: More details
Product: Term loans, asset finance
Amount: £50,001 – £500,000
Duration: Up to 72 months
Application: More details
Product: Term loans
Amount: £250,000 – £5m
Application: More details
Product: Term loans
Amount: £500,000 – £5m
Duration: Up to five years
Application: More details
Product: Term loans, overdrafts
Amount: £50,001 – £250,000
Application: More details
Product: Term loans
Amount: £1m – £5m
Duration: 1-6 years
Application: More details
Product: Term loans, overdrafts
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £75,000 – £5m
Duration: Up to two years
Application: More details
Check out the Whiterock Finance website for more details
These are listed in alphabetical order
Product: Term loans, asset finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Invoice finance
Amount: £50,001 – £200,000
Duration: Up to three years
Product: Invoice finance
Amount: £50,001 – £5m
Duration: Up to three years
Application: More details
Product: Invoice finance loans
Application: More details
Product: Asset finance
Amount: £50,001 – £100,000
Duration: 24 – 48 months
Application: More details
Haydock Finance have limited information on their website
Product: Asset finance
Find more details on Hitachi Capital's CBILS offering.
Product: Asset finance
Duration: Up to 53 months
Application: More details
Customers should contact their Leumi ABL Client Manager
Product: Instant cash flow product
Application: More details
Product: Invoice finance
Application: More details
Product: Asset finance
Amount: £50,001 – £5m
Duration: 12 or 72 months
Application: More details
Product: Term loans, asset finance, invoice finance
Amount: £1m – £5m
Application: More details
Product: Term loans, asset finance
Amount: £50,001 – £200,000
Duration: Up to five years
Application: More details
Product: Term loans
Amount: £100,000 – £5m
Duration: 1 – 5 years
Application: More details
Product: Invoice finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans, asset finance
Amount: £50,001 – £100,000
Duration: 12 – 72 months
Application: More details
Product: Term loans, asset finance, invoice finance
Amount: £50,001 – £5m
Duration: Up to five years
Application: More details
Product: Asset finance
More details are available on their website.
More details are available on their website.
These are listed in alphabetical order
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans, overdrafts
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £150,000
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £100,000
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £75,000
Duration: Up to six years
Application: More details
More details are available on their website.
Product: Term loans
Amount: £50,001 – £250,000
Duration: Up to six years
Application: More details
Product: Term loans, overdrafts, asset finance, invoice finance
Amount: £50,001 – £250,000
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £150,000
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £100,000 – £1.5m
Application: More details
Product: Term loans, asset finance
Amount: £100,000 – £750,000
Application: More details
More details are available on their website.
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £250,000
Application: More details
Product: Term loans
Amount: £50,001 – £100,000
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
More details are available on their website.
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
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Dan Smith is Content strategist lead at iwoca and editor of Insights. He's written for a number of publications such as The Guardian and WIRED on topics ranging from finance to sport.
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