Launched in response to the coronavirus outbreak, the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) and Bounce Back Loan Schemes (BBLS) were designed to support UK businesses during this period of disruption.

Almost 1.5m businesses across the UK have taken COVID-19 financial support, but time is running out as the schemes are due to end on the 31st March 2021.

Here’s a reminder of what each scheme is:

CBILS

Who? Limited Companies and Limited Liability Partnerships (turnover less than £45m)

What? Lending facilities of £50,001 to £5,000,000 (personal guarantees of any form will not be taken for facilities below £250,000)

Application deadline? 31st March 2021

CLBILS

Who? Limited Companies and Limited Liability Partnerships (turnover more than £45m)

What? Lending facilities up to £50m

Application deadline? 31st March 2021

BBLS

Who? Limited Companies, Limited Liability Partnerships and Sole Traders

What? Loans of up to £50,000

Application deadline? 31st March 2021

Speak to an expert

Whether you’re ready to apply for your first CBILS loan, are eligible to take out a second or are seeking an alternative finance option, our experts can help.  Book a FREE appointment with our Corporate Finance team here.