• Coronavirus government-backed lending schemes

    Coronavirus government-backed lending schemes

    For businesses with a Relationship Manager

    To enable the continued provision of finance to UK businesses during the COVID-19 outbreak, the government has introduced a number of lending schemes.
    Please note that as of 24 September, these schemes have been extended and will be available until 30 November.
    If Bank of Scotland do not already currently provide your main Business Current Account, please speak to your main bank for support in the first instance.

    Bounce Back Loan Scheme (BBLS)

    Borrow between £2,000 and £50,000

    • Interest rate fixed at 2.5%
    • Simple online application
    • Funds transferred to your bank account within days of being accepted
    Find out moreabout the bounce back loans scheme

    Coronavirus Business Interruption Loan Scheme (CBILS)

    Borrow between £50,001 and £5 million

    For businesses with a turnover up to £45 million.

    Find out moreCoronavirus Business Interruption Loan Scheme (CBILS)

    Coronavirus Large Business Interruption Loan Scheme (CLBILS)

    Borrow between £50,000 up to £200 million

    For businesses with a group turnover over £45 million

    Contact your Relationship Director to enquire about the scheme.

    Find out moreabout Coronavirus Large Business Interruption Loan Scheme (CLBILS)

    Coronavirus Business Interruption Loan Scheme - Asset Finance

    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.

    Find out moreabout CBIL asset finance

    Additional financial support

    Lloyds Banking Group has committed £2 billion to help customers manage ongoing cash flow needs caused by supply chain interruptions or employee absences, and minimise the disruption to their overall businesses operation over the coming weeks and months.

    Find out moreabout additional financial support

    Additional government support

    Alongside the government-backed lending schemes, the government has also introduced a number of other schemes to support businesses who have been impacted by coronavirus.

    A guide to government help for businesses

    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.

    Lending for the Coronavirus Business Interruption Loan Scheme and Coronavirus Large Business Interruption Loan Scheme 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.