Coronavirus Business Interruption Loan Scheme

Get help accessing a loan between £50,001 and £5M

Simple and straightforward with support from Capex’s experts

Get a fast cash injection with no interest for a year

Improve your chance of success by 33%

Government-backed loans are helping many businesses during this crisis. And getting access to cash during these exceptional times may be crucial. However, the process isn’t easy for those unfamiliar with making these applications – and it can be difficult to get it right first time.

At Capex Finance, we are here to help increase your chances of success.

A survey conducted by the National Association of Commercial Finance Brokers has revealed that a UK SME is 33% more likely to successfully receive critical funding when applying via an intermediary than approaching a lender directly.

We have an established process in place and know what it takes to make a successful application. Get in touch now for a free, no obligation chat about your options.

Find Out How a CBILS Loan Can Help You

Discuss your options, get a free quote or learn more about our services

What is CBILS

In response to the COVID-19 outbreak, the UK government has set out various new financial measures to support businesses, including a temporary Coronavirus Business Interruption Loan Scheme, known as CBILS.

This is available to UK businesses so they can access invoice finance, term loans, asset finance, and overdrafts through a panel of banks and lenders approved by the British Business Bank. The banks and approved lenders will be provided with a government-backed guarantee for 80% of the outstanding value.

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Key Features

  • The first 12 months are interest free
  • Borrow from £50,001 to £5 million
  • Invoice finance, term loans, asset finance and overdrafts available
  • No early settlement fees
  • Terms from two to six years depending on funding type
  • No personal guarantees required for borrowing below £250,000
  • 80% of the debt is guaranteed by the government

How it Works

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1. Get in Touch

We will discuss your situation and understand your requirements, then use our knowledge and experience to find you the best solution

2. Provide Required Information

We’ll help you prepare to optimise your chance of success

3. Select Funder

We have a growing number of CBILs approved funders on our panel that we can choose from

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4. Submit Application

We’ll do this for you and can fast track your application

5. Lender Makes Decision

Hopefully you will get approval for the funding you need, but if not, we can apply elsewhere

6. Funds Arrive

Typically funds will be transferred within two working days

Eligibility

Your business must:

  • Be UK-based in its business activity
  • Have been trading for more than three years
  • Have an annual turnover of no more than £45 million
  • Have a borrowing proposal which the lender would consider viable, were it not for the current pandemic
  • Have been adversely impacted by COVID-19
  • Not have been classed as a ‘business in difficulty’ on 31 December 2019

Businesses from any sector can apply, except the following:

  • Banks, insurers and reinsurers (but not insurance brokers)
  • Public-sector bodies
  • State-funded primary and secondary schools

Information Required

  • Last two years unabbreviated audited accounting information
  • Bank statements for the last six months in PDF format
  • Purpose of the funding being sought
  • Information on how COVID-19 has impacted your business

Get in Touch

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