Coronavirus Support Business Loans Go Live

From today 40 main banks in the UK should start taking applications for the Coronavirus Business Interruption Loan Scheme (CBILS). Full details are on the British Business Bank website – link below.

Most small businesses should qualify for a loan, but details of how to apply, and who to approach, along with a list of the banks, is on the British Business Banking site.

They recommend contacting your own business bank first, and making sure you meet the basic criteria – below.

The list of lenders as of 10am 23/03/20 includes:

Bank of Ireland UK – Bank of Scotland – Barclays – Clydesdale Bank – Danske Bank – HSBC – Lloyds Bank – Metrobank – NatWest – Santander – Skipton business Finance – RBS – TSB – Ulsterbank

As previously announced, these loans will be interest free for 12 months. If you need any further help or advice, please let us know.