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Coronavirus Business Interruption Loan Scheme (CBILS)

Funding to support your business

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.
  • If your business has a group (if applicable) turnover between £45 million and £250 million, you may be eligible for support through the Coronavirus Larger Business Interruption Loan Scheme. Existing customers can speak to their relationship manager for more details.
  • 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.

How to apply

Important information

Existing Clydesdale Bank business customers can apply online for CBILS support. Unfortunately, we are not in a position to accept applications from new customers at this time.

Apply for CBILS support (opens in new window)

At the moment we are seeing high demand, which means it may take more time to work through applications.


Bounce Back Loan Scheme

Looking for a Government backed loan scheme of £50,000 or less? We are participating in the Bounce Back Loan Scheme.

Find out more about Business Bounce Back Loan (opens in new window)


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

The Coronavirus Business Interruption Loan programme 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. For full details visit www.british-business-bank.co.uk/CBILS

If you need to speak to someone

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

0800 032 3971

Available Monday - Friday 8.00am - 6.00pm