- Upon drawdown, we applied an automatic 12 month repayment holiday
- Your repayments are due to start 1 month after the repayment holiday ends
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.
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.
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.
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.
The quickest way to get in touch is via our webchat service, Cora. Using webchat, you can:
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.