Atom is an accredited CBILS lender!

Edward Twiddy18 May 2020

Two weeks ago, it was announced that we were approved for accreditation by the British Business Bank to offer secured loans through the Government-backed Coronavirus Business Interruption Lending Scheme (CBILS). We understand this is a worrying and stressful time for businesses so we’re doing what we can to help.

Here’s what I said on the initial announcement and you can read our press release here.

We’re utilising the CBILS scheme to help smaller businesses access finance during this time. Accredited as a CBILS lender by the British Business Bank, the scheme enables us to provide facilities of up to £5m to you if your business has experienced lost or deferred revenues, leading to disruptions in cash flow.

A CBILS loan with Atom means:

  • New and existing customers can apply
  • Access to secured business loans from £100,000 to £5m (subject to assessment)
  • You may be able to refinance debt from another lender
  • Fee-free with capital and interest paid for the first year*
  • Repayment terms up to six years
  • No personal guarantee required for loans below £250k.

If you’re a UK-based business looking for support from Atom, you should contact one of one of the independent brokers approved on our panel to see if a CBILS secured loan is the right choice for you. You can also check out the CBILS page on our website full of info and resources.

*Where the borrower elects to receive the Business Interruption Loan payment (BIP)