- Coronavirus Business Interruption Loan Scheme provides you with cashflow support due to Coronavirus or funding for investment
- No arrangement fee or guarantee premium
- You won’t pay interest for the first 12 months (this will be paid by the Government)
- Loan value between £25k - £5m
- Loan term can vary between 1 to 6 years
You must be a business based in the UK, with a turnover of no more than £45 million per annum, with more than 50% generated from trading activity.
You will need to have a sound borrowing proposition and are viable (notwithstanding short-term disruption).
Whether we provide credit depends on your circumstances, and you must be 18 or over. Lending terms and conditions apply.
You may need to provide security.
Please note: Where we can offer finance on normal commercial terms without the need to make use of the scheme, we will do so.