Coronavirus Business Interruption Loan Scheme or “CBILS”
The Coronavirus Business Interruption Loan Scheme is now closed to new applications.
As an accredited CBILS lender we offered term loans to Shawbrook Bank business clients with existing debt facilities with us who were directly impacted by Covid-19, and were UK-based Limited companies with a group turnover of up to £45m.
The Coronavirus Business Interruption Loan Scheme is now closed to new applications
Important Information
The Coronavirus Business Interruption Loan Scheme (CBILS) 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 (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details on CBILS and the list of participating CBILS lenders can be found on the British Business Bank website.
CBILS Guarantee
Our ability to provide these loans is dependent on us receiving a guarantee from the UK Government under the Coronavirus Business Interruption Loan Scheme (CBILS). The guarantee provides us with a partial guarantee, should you default on repaying this loan.
You are responsible for the repayment of your loan
The CBILS guarantee is provided to your lender and not to you. You remain responsible for repaying 100% of your loan.
What is the British Business Bank?
The British Business Bank is 100% Government owned, but independently managed. It brings expertise and Government money to the smaller business finance markets. The British Business Bank does not lend or invest directly, but instead works with over 130 partners such as Shawbrook and other banks, leasing companies, venture capital funds and web-based platforms. Find out more on the British Business Bank website.