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17 July 2020A full list of accredited CBILS lenders
These are the financial service providers accredited by the BBB to allocate the Coronavirus Business Interruption Loan Scheme (CBILS).
17 July 2020
This 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.
What is the Coronavirus Business Interruption Loan Scheme?
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.
How are CBILS loans being distributed?
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.
What is the British Business Bank?
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.
Is iwoca an accredited CBILS lender?
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:
- loans of £50,001 – £350,000 (up to a max of 25% of your 2019 turnover)
- up to 5 year terms (with no early repayment fees)
- a 12 month repayment holiday
- no personal guarantee for loans under £250,000
- 5.9% – 10.2% APR
Which lenders are accredited for CBILS?
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.
CBILS loans from high street banks
These are listed in alphabetical order
Bank of Scotland
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Barclays
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
HSBC
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Lloyds
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Metro Bank
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
NatWest
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Santander
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
The Co-operative Bank
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
RBS
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
TSB
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Alternative CBILS lenders
These are listed in alphabetical order
365 Business Finance
Product: Term loans
Amount: £50,001 – £200,000
Application: More details
Adam & Company
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Aldermore
Product: Asset finance
Amount: £50,001 – £250,000
Duration: 12 – 60 months
Application: More details
Arbuthnot Commercial Banking
Product: Term loans, asset finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Arkle Finance Limited
Product: Term loans
Amount: £50,001 – £5m
Duration: 3 months – 5 years
Application: More details
Askif Finance
Product: Term loans
Amount: £50,001+
Duration: Up to four years
Application: Not currently open
Assetz Capital
Product: Term loans
Amount: £250,00 – £5m
Duration: Up to five years
Application: More details
Atom Bank
Product: Term loan (broker required)
Amount: £100,00 – £5m
Duration: Up to six years
Application: More details
Bank Leumi
Bank Leumi are yet to release information on how they plan to deliver their CBILS offering
Business Enterprise Fund
Product: Term loan
Amount: £50,001 – £150,000
Duration: Up to six years
Application: More details
Calverton Finance
Product: Term loan
Application: More details
Capital on Tap
Product: Term loans
Amount: £50,001 – £150,000
Application: More details
Close Brothers
Product: Term loans, asset finance, invoice finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Compass Business Finance
Product: Term loans, overdrafts
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
County Finance Group
Product: Asset finance
Application: More details
Coutts
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Cynergy Bank
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Ebury
More details can be found here
First Enterprise
Product: Term loans
Amount: £50,001 – £150,000
Duration: Up to six years
Application: More details
Folk 2 Folk
Product: Term loans
Amount: £50,001 – £5m
Application: More details
The FSE Group
Product: Term loans
Amount: £50,001 – £250,000
Duration: Up to three years
Application: More details
Funding Circle
Product: Term loans
Amount: £50,001 – £250,000
Duration: 2 – 5 years
Application: More details
FW Capital
Product: Term loans
Amount: £100,000 – £750,000
Duration: Up to five years
Application: More details
Growth Lending
Product: Term loans, invoice finance
Amount: £100,00 – £5m
Duration: Up to five years
Application: More details
Independent Growth Finance
More details can be found here
inFund
More details can be found here
Investec
Product: Term loans, invoice finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Invocap
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Lending Crowd
Product: Term loans
Amount: £50,001 – £250,000
Duration: 36 or 60 months
Application: More details
Liberis Finance
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
Market Finance
Product: Term loans, invoice finance
Amount: £50,001 – £150,000 (£5m for invoice finance)
Application: More details
Maxxia
Product: Term loans, asset finance
Amount: £50,001 – £500,000
Duration: 2 – 5 years
Application: More details
Merchant Money
Product: Term loans
Amount: £50,001 – £5m
Application: More details
NEL Fund Managers
Product: Term loans
Amount: £50,001 – £250,000
Duration: Up to five years
Application: More details
Newable
Newable have paused their CBILS offering
Nucleus
Product: Term loans
Amount: £50,001 – £250,000
Duration: Up to six years
Application: More details
Paragon
Product: Term loans, asset finance
Amount: £50,001 – £500,000
Duration: Up to 72 months
Application: More details
Shawbrook Bank
Product: Term loans
Amount: £250,000 – £5m
Application: More details
Silicon Valley Bank
Product: Term loans
Amount: £500,000 – £5m
Duration: Up to five years
Application: More details
Starling Bank
Product: Term loans, overdrafts
Amount: £50,001 – £250,000
Application: More details
ThinCats
Product: Term loans
Amount: £1m – £5m
Duration: 1-6 years
Application: More details
Triodos Bank
Product: Term loans, overdrafts
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
White Oak
Product: Term loans
Amount: £75,000 – £5m
Duration: Up to two years
Application: More details
Whiterock Finance
Check out the Whiterock Finance website for more details
Specialist CBILS lenders
These are listed in alphabetical order
1pm
Product: Term loans, asset finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
4 Style
Product: Invoice finance
Amount: £50,001 – £200,000
Duration: Up to three years
ABN-AMRO Commercial Finance
Product: Invoice finance
Amount: £50,001 – £5m
Duration: Up to three years
Application: More details
BIBBY Financial Services
Product: Invoice finance loans
Application: More details
Genesis Asset Finance
Product: Asset finance
Amount: £50,001 – £100,000
Duration: 24 – 48 months
Application: More details
Haydock Finance
Haydock Finance have limited information on their website
Product: Asset finance
Hitachi Capital
Find more details on Hitachi Capital's CBILS offering.
JCB Finance
Product: Asset finance
Duration: Up to 53 months
Application: More details
Leumi ABL
Customers should contact their Leumi ABL Client Manager
Previse
Product: Instant cash flow product
Application: More details
Satago
Product: Invoice finance
Application: More details
Scania Financial Services
Product: Asset finance
Amount: £50,001 – £5m
Duration: 12 or 72 months
Application: More details
Secure Trust
Product: Term loans, asset finance, invoice finance
Amount: £1m – £5m
Application: More details
Shire Leasing
Product: Term loans, asset finance
Amount: £50,001 – £200,000
Duration: Up to five years
Application: More details
Social Investment Business
Product: Term loans
Amount: £100,000 – £5m
Duration: 1 – 5 years
Application: More details
Sonovate
Product: Invoice finance
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Tower Leasing
Product: Term loans, asset finance
Amount: £50,001 – £100,000
Duration: 12 – 72 months
Application: More details
Ultimate Finance
Product: Term loans, asset finance, invoice finance
Amount: £50,001 – £5m
Duration: Up to five years
Application: More details
United Trust Bank
Product: Asset finance
More details are available on their website.
Tradebridge
More details are available on their website.
Regional CBILS lenders
These are listed in alphabetical order
Allied Irish Banks
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Art Business Loans
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
Bank of Ireland
Product: Term loans, overdrafts
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
BCRS
Product: Term loans
Amount: £50,001 – £150,000
Duration: Up to six years
Application: More details
Clydesdale Bank
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
CWRT
Product: Term loans
Amount: £50,001 – £100,000
Application: More details
Danske Bank
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
DSL Business Finance
Product: Term loans
Amount: £50,001 – £75,000
Duration: Up to six years
Application: More details
Enterprise Answers
More details are available on their website.
Finance for Enterprise
Product: Term loans
Amount: £50,001 – £250,000
Duration: Up to six years
Application: More details
GC Business Finance
Product: Term loans, overdrafts, asset finance, invoice finance
Amount: £50,001 – £250,000
Duration: Up to six years
Application: More details
Let's Do Business
Product: Term loans
Amount: £50,001 – £150,000
Duration: Up to six years
Application: More details
Maven
Product: Term loans
Amount: £100,000 – £1.5m
Application: More details
Mercia Asset Management
Product: Term loans, asset finance
Amount: £100,000 – £750,000
Application: More details
Merseyside Special Investment Fund
More details are available on their website.
Skipton Business Finance
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
SWIG Finance
Product: Term loans
Amount: £50,001 – £250,000
Application: More details
UKSE
Product: Term loans
Amount: £50,001 – £100,000
Application: More details
Ulster Bank
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
UCIT
More details are available on their website.
Yorkshire Bank
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
The Co-operative Bank
Product: Term loans
Amount: £50,001 – £5m
Duration: Up to six years
Application: More details
The Co-operative Bank
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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