Criteria from the banks for the Coronavirus Business Interruption Loan Scheme (CBILS)
The Coronavirus Business Interruption Loan Scheme (CBILS) aims to support long-term viable businesses who may need to respond to cashflow pressures by seeking additional finance. The loan will be provided by the British Business Bank through participating providers during the Covid-19 outbreak.
The CBILS supports a wide range of business finance products, such as term facilities, overdrafts, invoice finance facilities and asset finance facilities. All loans will require cash flow forecasts and projections.
We have created a specific factsheet detailing:
- The key features of CBILS
- How CBILS can be accessed
- The eligibility criteria of CBILS
- What information will be required from you
In addition, we have conducted a review of local high street bank providers and created a matrix of information setting out what they are currently offering.