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
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Business is based in the UK.
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Business has an annual turnover of up to £45 million.
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Business has a borrowing proposal which the lender would consider viable, if not for the coronavirus pandemic.
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Can self-certify that your business has been adversely impacted by coronavirus.
Overview:
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Borrow up to £5 million.
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Supports businesses with turnover up to £45 million.
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Terms up to 6 years.
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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
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Last 2 years trading accounts.
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Up to date Management Accounts if available.
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Last 6 months personal bank statements.
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Last 6 months business bank statements.
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Assets & Liabilities statement for the business owners (can be completed over the phone).