Coronavirus Business Interruption Loan Scheme (CBILS)

The Coronavirus Business Interruption Loan Scheme (CBILS) was a government initiative to support small and medium-sized businesses. The government provided lenders like NatWest, with a guarantee for 80% of qualifying loans.

Note, the borrower remains liable for all of the debt.

Borrow from £50,001 up to £5m.

Loan terms up to 6 years with fixed and variable interest rates available. The loan term may be extended to a maximum 10 years in exceptional circumstances and at Lenders discretion.

A 12 month capital repayment holiday was automatically applied at the start of the loan (this may mean you would pay more interest over the term).

Interest for the first 12 months was paid by the government, and then by you for the remainder of the loan term.

You may choose to make repayments at any time with no early repayment fee.