CBILS

Coronavirus Business Interruption Loan Scheme

The CBILS scheme closed for new applications on 31 March 2021. To continue support for businesses affected by the pandemic, we will be taking applications for the new Recovery Loan Scheme (RLS).

What is CBILS?

The Coronavirus Business Interruption Scheme (CBILS) is a government backed scheme designed to support SMEs and to help them to access finance to help them through this unprecedented time.

We have been accredited as a CBILS lender by the British Business Bank which enables us to provide facilities of up to £5m to SMEs if you've experienced lost or deferred revenues, leading to disruptions in your cash flow.

SMEs power our economy. We’ve championed you in the good times and now we want to support you in the tough times. If your business’ finance has been affected by the COVID-19 pandemic, we’re here to help.

How does CBILS work?

CBILS has now stopped taking applications. For continued business support, you can apply for the new Recovery Loan Scheme with Atom. Find out more about the RLS loan and how it can help your business.

CBILS Key Facts

Secured businesses loans from £100,000 to £5m.

First 12 months are interest-free and fee-free.

Repayment terms up to six years.

We’ll consider refinancing debt from another lender if it improves your cash flow.

No personal guarantee required below £250k.

How do I apply?

Chat to a broker who works with Atom and see if the Recovery Loan Scheme is right for your business. They’ll make an application for you and we’ll keep you informed every step of the way.

FAQs

News and resources for you

All the latest news and info about our CBILS loans

Business Banking

Am I eligible for a CBILS loan?3 minutes | 04 August 2020

Business Banking

Atom is an accredited CBILS lender!1 minute | 18 May 2020

The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details on CBILS and the list of participating CBILS lenders can be found on the British Business Bank website at: www.british-business-bank.co.uk/CBILS.