The Coronavirus Business Interruption Loan Scheme (CBILS) is a government initiative to support small and medium-sized businesses who have been impacted by Coronavirus. The government provides lenders like Ulster Bank, with a guarantee for 80% of qualifying loans.
Borrow from £50,001 up to £5m, with loan terms up to 6 years and no interest payments for 12 months.
CBILS is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.