WITH GROWTH LENDING
What is the Coronavirus Business Interruption Loan scheme (CBILS)?
CBILS can help SMEs that have lost revenue and had cashflow disrupted as a result of the COVID-19 outbreak. Funding is not provided by the government directly but from accredited lenders. Borrowers will be fully liable for the debt. Under the scheme, the government will pay the interest and fees of the facilities for the first 12 months. This scheme was created to provide financial support for smaller businesses during the Coronavirus pandemic. It is aimed at businesses with a turnover of less than £45 million.
CBILS products by Growth Lending
Revolving Credit Facility
Flexible line of credit, unlocking funds tied up in your balance sheet, strengthening working capital
Invoice discounting facility against your sales ledger, boosting your cashflow position
Loans designed to provide an extended funding runway & providing capital to achieve next level of growth
Growth Lending CBILS Pack
Read our succinct CBILS pack to decide whether a Growth Lending CBILS facility is the right fit for your business
CBILS FAQ Pack
Use our extensive FAQ guide to help understand CBILS and the Growth Lending products offered under the scheme
frequently asked questions
We are inviting businesses to preregister their interest now and will be taking formal applications in the next 2 weeks. We will be releasing a pre-registration of interest in the coming days.
Yes if you are an existing customer of a Growth Lending lender, you can apply to refinance your facility under CBILS and also apply for a new facility.
Growth Lending facilities range from 2-5 years in duration.
We will take an all assets debenture for all facilities. Unless there are extraordinary circumstances, we do not take personal guarantees.