CBIL Business Interruption Loan

 

At Berkeley Private Wealth, we help with the government CBIL Business Interruption Loan. The Coronavirus Business Interruption Loan Scheme (CBILS) supports small and medium-sized businesses, with an annual turnover of up to £45 million, to access loans, overdrafts, invoice finance and asset finance of up to £5 million for up to 6 years. The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees. This means smaller businesses will benefit from no upfront costs and lower initial repayments. 
Eligibility
  • Business is based in the UK.
  • Business has an annual turnover of up to £45 million.
  • Business has a borrowing proposal which the lender would consider viable, if not for the coronavirus pandemic. 
  • Can self-certify that your business has been adversely impacted by coronavirus.
Overview:
  • Borrow up to £5 million.
  • Supports businesses with turnover up to £45 million.
  • Terms up to 6 years.
  • UK based businesses only.
 
The government will provide lenders with a guarantee of 80% on each loan (subject to pre-lender cap on claims) to give lenders further confidence in continuing to provide finance to small and medium-sized businesses, these are unsecured loans.
Requirements
  • Last 2 years trading accounts.
  • Up to date Management Accounts if available.
  • Last 6 months personal bank statements. 
  • Last 6 months business bank statements.
  • Assets & Liabilities statement for the business owners (can be completed over the phone).

Office Tel: 0207 129 1112

Email: enquiry@berkeleypw.com

Address: 23, Berkeley Square, Mayfair, London, W1J 6HE

  • Instagram Social Icon
  • Facebook Clean
  • LinkedIn Clean
  • Twitter Clean

Berkeley Private Wealth Ltd © 2015. All Rights Reserved.

™ The lions logo is a trademark of Berkeley Private Wealth Ltd.

 

Berkeley Private Wealth Ltd is registered in England and Wales. Company number: 9600893. Registered office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

Berkeley Private Wealth (Berkeley Private Wealth Ltd) is not licensed or regulated by the Financial Conduct Authority and does not provide financial advice. All lending is strictly for business purposes, some forms of buy to let, commercial finance and overseas finance. Terms and conditions apply.

 

The contents of this site belong to Berkeley Private Wealth Ltd. Reproductions are not permitted without our prior written consent. 

 

Terms and Conditions | Data Protection and Website Privacy