1.17 million businesses supported through COVID lending schemes

1.17 million businesses have taken advantage of the various government-backed coronavirus lending schemes with the Coronavirus Business Interruption Loan Scheme (CBILS) having now reached over 57,000 businesses with £12.7 billion worth of finance and facilities.

CBILS can provide finance from £50,000 up to £5 million and lenders will not take personal guarantees of any form for facilities below £250,000.

CBILS can be used for Asset Finance (terms up to 6 years), Invoice Finance (terms up to 3 years), Overdrafts (terms up to 3 years), Property Development Finance (terms up to 2 years) and Business Loans (terms up to 6 years).

Find out whether your business may be eligible for a CBILS loan