12 month repayment holiday
- Upon drawdown, we applied an automatic 12 month repayment holiday
- Your repayments are due to start 1 month after the repayment holiday ends
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Coronavirus Business Interruption Loan Scheme (CBILS)
The Coronavirus Business Interruption Loan Scheme is now closed to new applications. Please note, applications received by 23.59 on 31 March 2021 can still be processed through to 31 May 2021. If you have a query about CBILS or wish to discuss an outstanding application, please contact us using your usual bank contact.
Understanding your Coronavirus Business Interruption Loan
If you’ve received lending under the Coronavirus Business Interruption Loan scheme (CBILS), find out more about your commitments and what you can do to prepare for when your repayments begin.
About Coronavirus Business Interruption Loan
- The Coronavirus Business Interruption Loan scheme (CBILS) is a government initiative to support small and medium-sized businesses affected by the coronavirus outbreak
- The government provides lenders like NatWest, with a guarantee for 80% of qualifying loans
- You must repay this loan in full including interest
- The loan term is up to 6 years
- For the full details of your specific loan and commitments, refer to the loan agreement you signed before receiving your loan
Any property or asset used as a security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
Your CBILS loan term
The maximum term of your CBILS loan is 6 years
You can make additional repayments at any time with no early repayment fee, and doing so will also help save you money on your interest rate.
CBILS loan interest rate
- Interest on your CBILS loan will be a Fixed or Variable interest rate
- The interest rate applied to your CBILS loan will be detailed in your loan agreement or advice letter if any changes have been applied
- Interest during the first 12 months will be paid by the government. Remember that you are responsible for paying back the whole loan, including interest after the first 12 month period
Do you have more questions about CBILS?
Visit our Frequently Asked Questions to find further guidance and support
If you need to get in touch…
The quickest way to get in touch is via our webchat service, Cora. Using webchat, you can:
- get help with an existing loan
- talk to us about other support
If you are using Relay UK call 18001 0345 711 4477
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Calls may be recorded for training and monitoring purposes.
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Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy.
British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA.