Coronavirus Business Interruption Loan Schemes and Future Fund

Bounce Back Loan Scheme (BBLS)

• For SMEs, micro businesses and other businesses requiring smaller loans
• Looking for between £2,000 and £50,000
• Term loan repaid over six years
• No set-up fees and first 12 months of interest payments covered by government
• No repayments during the first 12 months
• The Bounce Back Loan Scheme will be extended until 30 November 2020

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Interested in becoming an accredited lender?

Coronavirus Business Interruption Loan Scheme (CBILS)

• For smaller businesses with a turnover of less than £45m
• Looking for up to £5m in finance
• Business loans, overdrafts, invoice finance & asset finance available
• First 12 months of interest and lender-levied fees covered
• More than 90 accredited lenders
• The Coronavirus Business Interruption Loan Scheme will be extended until 30 November 2020

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Interested in becoming an accredited lender?

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

• For larger businesses with a group turnover of more than £45m
• Looking for up to £200m in finance
• Business loans, overdrafts, invoice finance & asset finance available
• Repayment terms of up to three years
• Delivered by lenders accredited by the British Business Bank
• The Coronavirus Large Business Interruption Loan Scheme will be extended until 30 November 2020

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Interested in becoming an accredited lender?

Future Fund

• Convertible loans from £250,000
• From £125,000 to £5m in government support
• Third-party investors must at least match government support, with no maximum investment limit
• Companies need to have previously raised £250,000+ in equity investment
• The Government has announced an extension to the Future Fund. The Future Fund will now close for new applications on Monday, 30 November 2020

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