Get support to help your business deal with the impact of COVID-19

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Access the Coronavirus Business Interruption Loan Scheme (CBILS)

What is the CBILS?

If your business is seeking to invest in tangible assets – be that office equipment, manufacturing, The British Business Bank’s CBILS temporarily replaces the Enterprise Finance Guarantee (EFG) and facilitates business finance to smaller businesses that are viable but unable to obtain finance due to having insufficient security to meet the lender’s normal requirements.

Who can apply?

Your business must:

  • Your application must be for business purposes

  • You must be a UK-based SME with annual turnover up to £45m

  • Your business must generate more than 50% of its turnover from trading

  • Your CBILS-backed facility must be used to support primarily trading in the UK

  • You wish to borrow up to a maximum of £5m

Some businesses and sectors are excluded, please speak to your Halo representative for more details.

How much can I apply for?

You can access funds between £1,000 to £5 million. Finance terms are from three months up to six years for term loans and asset finance and up to three years for revolving facilities and invoice finance.

How do I apply?

Any small business interested in CBILS should, in the first instance, contact Halo on 0345 450 1966 or speak to your usual representative. We will then apply to the accredited CBILS funders on our panel in the same way as we do for other funding applications.

If the lender can offer finance on normal commercial terms without the need to make use of the scheme, they will do so. Where your business has a sound borrowing proposal but insufficient security, the lender will consider the business for support via the scheme.

What do I do next?

Speak to your representative at Halo as soon as possible or call 0345 450 1966 so that we can help to process your application in the shortest possible timeframe.

Any more questions?

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What can Halo do for your business?

“When we approached our bank for a short-term loan they were less than helpful. Luckily, we found Halo quite the opposite – within 48 hours we had funds in our account”

Director, EcoEgg

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We help businesses of all sizes, from startups to established companies. Whatever your circumstances, we can arrange finance for almost any business need.

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Whether you need a loan or finance to purchase a specific asset – even software – we can help. Unlike other brokers, we can even lend our own funds. As a result, we get 95% of applications approved.

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From franchise finance to renewable energy and P2P lending, Halo has specialists that understand your business finance needs.

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Because we work with a panel of over 65 lenders, we can always access the most competitive rates in the market. Contact us for our lowest rates.

Don’t fear rejection! We get 95% of applications approved

Finance for almost anything your business needs

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And many more…

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