- Upon drawdown, we applied an automatic 12 month repayment holiday
- Your repayments are due to start 1 month after the repayment holiday ends
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 repayments at any time with no early repayment fee
We’re working with the British Business Bank to confirm circumstances in which a borrower may be able to extend their loan term to greater than 6 years during the life of the loan. There is no need to contact us at this time.
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.