Coronavirus Business Interruption Loan Scheme (CBILS) – Become a CBILS accredited lender

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Registering your interest

British Business Bank operates the Coronavirus Business Interruption Loan Scheme (CBILS) via its group of over 100 accredited lenders.

If you’re interested in becoming an accredited lender for the scheme, please read this Guidance Document first.

You can register your interest with British Business Bank by:

Note: We are experiencing considerable interest from prospective lenders. Although our first priority has been to implement the scheme through existing accredited lenders, we have moved quickly to put in place an expanded team to process new applications. We will be responding to Expressions of Interest as soon as we can.

If you are interested in becoming a British Business Bank Delivery Partner, but may not be eligible to participate under CBILS, please review the other programmes we offer investment providers: ENABLE Guarantee, ENABLE Funding, Investment Programme, Enterprise Capital Funds and Patient Capital. Please also review our Regional Funds.

Finance products

Through CBILS, lenders can provide an eligible business with up to £5 million, with repayment terms of up to six years. This can be in the form of the following:

  • Term loan
  • Overdraft
  • Invoice finance
  • Asset finance

The scheme gives the lender a government-backed partial guarantee against the outstanding balance of the facility.

CBILS has now been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access the funding they need.

Importantly, access to the scheme has been opened up to those smaller businesses who would have previously met the requirements for a commercial facility but would not have been eligible for CBILS. Insufficient security is no longer a condition to access the scheme.

This significantly increases the number of businesses eligible for the scheme. The expanded scheme will be operational with lenders from Monday 6 April 2020.

Under the scheme, lenders will not take personal guarantees of any form for facilities below £250,000.

For facilities above £250,000, personal guarantees may still be required, at a lender’s discretion, but:

  • they exclude the Principal Private Residence (PPR), and
  • recoveries under these are capped at a maximum of 20% of the outstanding balance of the CBILS facility after the proceeds of business assets have been applied

Eligible businesses

Only businesses that meet certain criteria qualify for CBILS. Click here to learn more.

Frequently asked questions

We appreciate you might have questions about CBILS and how it operates.

Click here to visit our FAQs page and click here to download our Marketing Toolkit for CBILS Partners.

Other programmes

As well as CBILS, the British Business Bank and its subsidiaries also run other programmes that may be of interest to providers of debt finance.

For more information on these, see the ‘Our programmes’ tab at the top of this page.