Applications for the following schemes are now closed: Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) & Coronavirus Large Business Interruption Loan Scheme (CLBILS)
We’ll update this page regularly with information about the government schemes as it becomes available.
Recovery Loan Scheme (RLS)
We are participating in the government-backed Recovery Loan Scheme (RLS). The scheme launched on 6 April 2021 and supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic.
Borrow between £25,001 and £10 million, from 1 to 6 years.
If you’re able to make your Bounce Back loan repayments as set out in your loan agreement, you don’t need to do anything. We’ll automatically start taking payments 13 months after we paid the loan into your account.
You can also pay back some or all of your loan early, with no early repayment charges.
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Applications for the Coronavirus Large Business Interruption Loan Scheme (CLBILS) closed on 31 March 2021.
CLBILS was a government-backed initiative for businesses with an annual group turnover above £45 million
Lending through the scheme started at £50,001 up to £200 million, for a term from three months to three years.
No personal guarantees were permitted for facilities under £250,000. For facilities more than £250,000 claims on personal guarantees could not exceed 20% of losses after all other recoveries had been applied.
Businesses who took a loan out through the scheme will remain liable for repayment of the loan.
If you need support with your existing loan, please contact your Relationship Director.
British Business Bank
For more information about the Coronavirus Business Interruption Loan Scheme, please visit the British Business Bank website.