A full list of accredited CBILS lenders

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min read

A full list of accredited CBILS lenders

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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

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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 holidayProduct: 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

Words by
Dan Smith
Article updated on:
October 7, 2020

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