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The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides financial support to larger businesses affected by coronavirus (COVID-19).

Please note that as of 17 December, the Government has announced that the Coronavirus Large Business Interruption Loan Scheme (CLBILS) will be extended until 31 March 2021.

 

Contents

 

The scheme helps medium and large sized businesses to access loans and other kinds of finance up to £200 million.


The government guarantees 80% of the finance to the lender.


The scheme is open to applications until Sunday 31 January 2021.

 


Eligibiliy

 

You can apply for a loan if your business:

You need to show that:

 

If you’re borrowing more than £50 million you must agree to restrictions on dividend payments, senior pay and share buy-backs during the period of the loan. Check the eligibility requirements.

 

 

Who Cannot Apply

 

Businesses from any sector can apply, except:

 

What You Can Get

 

A lender can provide up to 25% of your annual turnover. The maximum amount you can borrow is £200 million.

 


How Long The Loan Is For

 

Finance is available from 3 months to 3 years.

 

 

How To Apply

 

There are 12 lenders taking part in the scheme including all the main retail banks. You should approach a suitable lender yourself via the lender’s website.


You’ll need to tell the lender:

 

Supporting Documents

 

You’ll need to provide documents that show you can afford to repay the loan.


These may include:

 

The documents you need will depend on the lender. A loan could still be an option even if you do not have everything listed here.


The lender will check that the loan is:

 

The lender will decide whether to offer you a loan or another type of finance. Your business will be responsible for repaying 100% of the amount you borrow.


Find a lender

 


If The Lender Turns You Down

 

If one lender turns you down, you can apply to other lenders in the scheme.


You may want to consider using a broker to find the right type of finance for your needs, or do your own research using the British Business Bank’s Finance Guide.

For Further Support Please Complete The Contact Form

Ryan Davies

Growth Relationship Team Leader

Fiona Anderson

Growth Relationship Manager

Karen Tyrrell

Growth Relationship Manager

Taygan Paxton

Growth Coordinator

Malcolm Brabon

Head of Services

Lou Williams

Growth Manager

Matthew Heath

Recovery Grant Project Manager

Jonathan Alderman

Business Analyst

Luke West

Business Growth Executive

Andrew Kerry-Bedell

Interim Growth Relationship Manager

Richard Butcher

Interim Growth Relationship Manager

Carolyn Bentley

Interim Growth Relationship Manager

Coast to Capital

This site is operated by Coast to Capital Local Enterprise Partnership. © Coast to Capital LEP 2013-21.

Information is provided on this website in good faith. However neither Coast to Capital Local Enterprise Partnership nor any associated organisation or individual provide any warranty or accept any liability for information provided.

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