CIBLS Loan – How To Apply 2021

Are you interested in applying for a CIBLS Loan?

You may be referring to the Corona-virus Business Interruption Loan Scheme, which is abbreviated to CBILS (rather than CIBLS).

Its not just high street banks that are accredited under the scheme, there are a large number of alternative lenders offering business loans under the scheme.

With the CBILS scheme extended until 30th November 2020, there is an opportunity for more businesses to access finance.

Key Features of CIBLS Loan (CBILS)

  • Finance from £50,001 to £5 million
  • Government pays interest and fees for 12 months
  • 12 months without anything to pay
  • Terms from 1 year to 6 years
  • No personal guarantees for facilities under £250,000
  • Bounce Back Loans Can Be Refinanced to CBILS

Facility Types

  • Term Loans
  • Invoice Finance
  • Asset Finance
  • Bridging Loans
  • Commercial Mortgages

Note: The borrower remains fully liable for the debt

Apply Now for A CBILS Loan

As an independent CBILS loan broker, we can approach a large number of banks and lenders that are participating in the scheme. We can help you correctly package your application to make sure you stand the highest chance of approval.

Call us on 01204 860113 or fill in the form below.

CBILS
Check If You Are Eligible For a CBILS Loan

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Further information about the government backed CBILS scheme can be found on the British Business Bank CBILS website.