The Coronavirus Business Interruption Loan Scheme 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.
Loans from £500,000 to £5m
You can apply for a loan between £500,000 and £5m
Flexible terms available
Spread repayments of your loan from 1 to 6 years
Interest free period
In order to support client cash flow issues, the arrangement fees and the first 12 months interest will be paid by the UK government as a “Business Interruption Payment”
The eligibility criteria specified by the British Business Bank states that this scheme is open to businesses