Coronavirus – Support for your business
As the impact of coronavirus (COVID-19) is felt across the UK, you may have concerns about how it could affect your business.
We’ve put in place some additional support and information to help.
There are three main government-backed lending schemes available to businesses impacted by COVID-19.
- Bounce Back Loan Scheme (BBLS)
Already have a Bounce Back Loan?
Businesses who have already received funds through the scheme but did not take the maximum amount available to them, may now be able to request a top-up to their existing Bounce Back Loan. Find out if you’re eligible for the top-up and how to apply.
- Coronavirus Business Interruption Loan Scheme (CBILS)
- Coronavirus Large Business Interruption Loan Scheme (CLBILS) – not available to customers who do not have a Relationship Manager.
The deadline for all government-backed lending scheme applications has now been extended to 31 March 2021, as announced by the Chancellor of the Exchequer on 17 December 2020.
In order to direct you to the appropriate scheme for your business, please select the relevant option below:
If you are looking to acquire a new asset or finance an existing asset, but your business has experienced difficulties as a result of the coronavirus pandemic, the Coronavirus Business Interruption Loan Scheme may be available to support you.
Your group turnover must be between £3million and £45million to be eligible to apply for CBILS Asset Finance.
ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk