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Coronavirus Business Interruption Loan Scheme (CBILS)

Funding to support your business

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.

We are working our way through applications and we will be in touch in due course. It’s important that you continue to provide supporting information as requested so that we can progress to a formal offer as quickly as possible.

If you have a query about CBILS, or wish to discuss an outstanding application, please contact your relationship manager or call us on 0800 756 0800.

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 size starting at £25,001 for Term Loans.

Further information can be found on the British Business Bank website.

What is the Coronavirus Business Interruption Loan Scheme (CBILS)?

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of COVID-19 outbreak.

Who can apply?

  • UK-based businesses that are existing Clydesdale Bank customers with an annual group (if applicable) turnover of up to £45 million.
  • If your business is currently using or applying for the Bounce Back Loan Scheme (BBLS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) or the Bank of England's COVID Corporate Financing Facility (CCFF), you will not be able to apply for a CBIL Scheme facility unless the proposed CBIL Scheme facility will refinance the whole of the BBLS, CLBILS or CCFF facility.
  • There are restrictions to eligibility. A comprehensive overview of the eligibility criteria can be found on the British Business Bank website.

How does it work?

  • Businesses can borrow from £50,001 to £5 million on a term loan
  • You will not be asked to provide a new Personal Guarantee for a CBIL Scheme facility
  • We will not charge you any interest payments for the first 12 months and the government will reimburse us
  • You will not be asked to make any capital repayments for at least 6 months
  • Thereafter, depending on the loan you choose, you will have the option of equal monthly capital repayments, or a final lump sum payment at maturity. Both options will include interest following the initial 12 month period
  • A relationship manager will be on hand to support you with your application
  • Part of the loan value is guaranteed by the Department for Business, Energy and Industrial Strategy for which the bank will pay a fee. The guarantee is provided to the Bank and the borrower remains responsible for repaying 100% of the loan.
  • All loans are subject to an eligibility and viability assessment

Important information

Interest rates in respect of borrowing facilities are individually negotiated and the amount you are charged will depend on your circumstances - speak to your relationship manager for more details.

Normal lending assessment applies. Security may be required, and fees may be applicable, although facility arrangement fees will not be charged. Full terms and conditions are available on request.

If you’re worried about your finances, please call us on 0800 756 0800 or contact your relationship manager. You can also contact the following organisations for free advice and there is further information in the UK Finance leaflet on Dealing With Debt.

Other business finance support options

In addition, the British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cashflow and a list of independent advice services.

Contact us

If you need to speak to us about an ongoing CBILS application or your existing CBILS loan, please call us on 0800 756 0800 or contact your relationship manager.


Frequently asked questions

We understand you might be worried about the financial impact of coronavirus on your business and we’re here to help.

View frequently asked questions (opens in a new window)

The British Business Bank has addressed frequently asked questions here.

British Business Bank

Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit www.british-business-bank.co.uk/CBILS

If you need to speak to us about an existing application, please call us or contact your relationship manager.

0800 756 0800

Available Monday - Friday 8.00am - 6.00pm