News

27 April 2020

British Business Bank announces four new lenders under the Coronavirus Business Interruption Loan Scheme

Allied Irish Bank (GB)/AIB (NI), ThinCats, Paragon Bank and IGF to join 48 existing CBILS accredited lenders 10 lenders also accredited through Coronavirus Large Business Interruption Loan Scheme Today the British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), which provides financial […]

20 April 2020

New Future Fund to support innovative UK businesses

The Chancellor of the Exchequer today announced he is to establish a new Future Fund to support the UK’s innovative businesses currently affected by Covid-19. These businesses have been unable to access other government business support programmes, such as CBILS, because they are either pre-revenue or pre-profit and typically rely on equity investment. The scheme […]

17 April 2020

Funding Circle accredited under the Coronavirus Business Interruption Loan Scheme (“CBILS”)

Funding Circle becomes the first newly accredited marketplace lending platform under CBILS Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has […]

16 April 2020

Coronavirus Large Business Interruption Loan Scheme to open on Monday

Scheme targets businesses with a turnover of more than £45m Facilities available of up to £50m The Chancellor of the Exchequer today announced details of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Delivered by lenders accredited by the British Business Bank, the new scheme provides finance to mid-sized and larger UK businesses with turnover […]

11 April 2020

British Business Bank announces new lenders under the Coronavirus Business Interruption Loan Scheme

The Co-operative Bank, Cynergy Bank, OakNorth Bank and Starling Bank to join 40+ existing accredited lenders  Arkle Finance, Close Brothers and Secure Trust Bank, recently accredited under the Enterprise Finance Guarantee, now accredited under CBILS Coutts accredited for CBILS as part of RBS Group’s existing accreditation Today the British Business Bank has announced that it […]

2 April 2020

Coronavirus Business Interruption Loan Scheme expanded to benefit more smaller businesses across the UK

Personal guarantees cannot be taken for any facilities below £250k Insufficient security no longer a condition to access the scheme Personal guarantees may be required for facilities above £250k but capped at 20% of the outstanding balance after business asset recoveries Lenders to retrospectively apply changes Launched on 23 March, today the Coronavirus Business Interruption […]