Coronavirus
Business
Interruption
Loan Scheme
(CBILS)

“Cyan is the go-to finance house for companies and organisations in the green, sustainable and socially positive economy and is sub-sector agnostic”

About CBILS

The Coronavirus Business Interruption Loan Scheme (CBILS), delivered through British Business Bank accredited lenders and partners, is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak.

The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities. Please note that for term loans and overdrafts, the minimum amount a lender can offer under CBILS is £50,001.

Enquire about a CBILS loan now

Scheme Features

  • Facilities between £50,001 and £5m
  • Terms between 3 months and 6 years
  • No personal guarantees on loans under £250k
  • Interest and fees paid by Government for 12 months
  • Government-backed guarantee
  • The borrower always remains 100% liable for the debt

Cyan Finance Eligibility Criteria

Cyan are approved for the Term Loan variant of CBILS.

To be eligible for a facility under CBILS with Cyan Finance, a business must meet the relevant eligibility criteria including:

Alignment with Cyan Finance

Contributing to sustainability, decarbonisation or doing some social good

Self-certify that you have been adversely impacted by the Coronavirus

Be UK based in your business activity, with turnover of no more than £45m per year

Notice as-of 11:59pm 31st March:

The Coronavirus Business Interruption Loan Scheme is now closed to new applications.

Please note, applications received by 23.59 on 31 March 2021 can still be processed through to 31 May 2021. If you have a query about CBILS, or wish to discuss an outstanding application, please contact us using the form below or in the usual way.

Recovery Loan Scheme

A new debt finance programme, the Recovery Loan Scheme (RLS), was announced by the Government in the Budget on 3 March 2021. The new Scheme, which will open on 6 April 2021, aims to support businesses affected by Covid-19 as they recover and grow following the pandemic. RLS supports a maximum facility size of up to £10m with minimum facility sizes starting at £1,000 for Invoice and Asset Finance and £25,001 for Term Loans and Overdrafts. Further information can be found on the British Business Bank website.

45 Pont Street

Knightsbridge

SW1X 0BD

 

inbox@cyanfinance.com

0330 113 6062

The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details on CBILS and the list of participating CBILS lenders can be found on the British Business Bank website at: www.british-business-bank.co.uk/CBILS

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