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Coronavirus support

Coronavirus Business Interruption Loan Scheme (CBILS)

What is CBILS?

The Coronavirus Business Interruption Loan Scheme (CBILS) is a government initiative to support small and medium-sized businesses. The government provides lenders like Ulster Bank with a guarantee for 80% of qualifying loans. 

Note, the borrower remains liable for all of the debt.

Borrow from £50,001 up to £5m.

Loan terms up to 6 years with fixed and variable interest rates available.

12 month capital repayment holiday is automatically applied at the start of the loan (this may mean you pay more interest over the term).

Interest for the first 12 months is paid by the government, and then by you for the remainder of the loan term.

Choose to make repayments at any time with no early repayment fee.

Is your business eligible for a loan under CBILS?

You may be eligible if:

You're a UK-based business;

Your annual group turnover is no more than £45m;

You can certify that your business has been impacted by coronavirus;

You can show evidence of affordability for lending prior to coronavirus.

You won’t be eligible if:

You’re a bank, insurer, reinsurer (but not insurance brokers), public sector body, state funded primary or secondary school. 

Your business is subject to collections or collective insolvency proceedings.

Your business already has (or is in the process of applying for) a Bounce Back Loan unless that loan is repaid as part of your CBILS application.

Useful info about our Coronavirus Business Interruption Loan

The CBIL scheme is now closed to new applications

The Coronavirus Business Interruption Loan Scheme is now closed to new applications. Please note, applications received by 23.59 on 31 March 2021 can still be processed through to 31 May 2021.

If you have a query about CBILS or wish to discuss an outstanding application, please contact us using your usual bank contact. 

Contact us on: 0345 366 5592 (UK)

Lines are open 9.00am – 5.30pm Monday to Friday (except public holidays). Call charges

Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy.

British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.

Visit british-business-bank.co.uk.