Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) is available for SMEs in the UK. Origin Finance’s experts can take the headache out of your CBILS application, allowing you to focus on keeping your business moving through these turbulent times.

Questions? Call now on 01604 926 226

Check your eligibility for CBILS

To be eligible you must be based in the UK, have an annual turnover of no more than £40M and have a borrowing proposal that lenders will consider viable were it not for the current Coronavirus pandemic and believe will enable you to trade out of any short-term to medium term difficulty. Origin Finance can handle your application from start to finish- to check your eligibility 30 seconds, complete the form below. 

Very happy with Jordan and the team. Arrange the finance for our equipment quickly and also helped source additional capital finance and loan consolidation

Went above and beyond to get the job done – highly recommended!

Who can apply for CBILS?

What sectors are eligible?

Businesses from any sector can apply, except the following: Banks, building societies, insurers and reinsurers, public sector organisations and trade unions.

Does business size matter?

The size of your business does not come into consideration for CBILS, however, your business must have an annual turnover of no more that £45M.

What is CBILS?

CBILS is a new scheme that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities.
Please note: This scheme is just one of a number of measures announced by Government and you can find full details of the temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19 here.

The scheme went live on Monday 23 March and will initially run for six months. CBILS guarantees facilities up to a maximum of £5m available on repayment terms up to six years for term loans and asset finance. For overdrafts and invoice finance facilities, terms will be up to three years. The scheme provides the lender with a government- backed partial (80%) guarantee against the outstanding facility balance.

For more information on CBILS and to discuss your business’ current position, please call 01604 926 226.

Call today on 01604 926 226