The Coronavirus Business Interruption Loan Scheme

Our accreditation

The Coronavirus Business Interruption Loan (CBILS) Scheme was a government initiative designed to support small businesses affected by the coronavirus outbreak. As an accredited lending partner with the British Business Bank we worked to support businesses across the UK with Loan and Asset Finance solutions to aid recovery and future growth. The scheme is now closed to new applications.

The Recovery Loan Scheme

A new debt finance programme, the Recovery Loan Scheme (RLS), was announced by the Government in the Budget on 3 March 2021. The new Scheme, which will open on 6 April 2021, aims to support businesses affected by Covid-19 as they recover and grow following the pandemic. RLS supports a maximum facility size of up to £10m with minimum facility sizes starting at £1,000 for Invoice and Asset Finance and £25,001 for Term Loans and Overdrafts. Further information can be found on the British Business Bank website.

Legal notices

The Coronavirus Business Interruption Loan Scheme (CBILS) 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 (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details on CBILS and the list of participating CBILS lenders can be found on the British Business Bank website at: www.british-business-bank.co.uk

Latest News

Time Finance Expands SME Funding With New £5m Limit

Time Finance is expanding its support for UK SMEs with an increase to its Invoice Finance and Asset Based Lending (ABL) maximum facility limits which have risen to £5m.

Time Finance Appoints New Business Development Manager

Tom re-joins the leading SME finance provider, having previously held a Business Development role within the company.

Time Finance Moves into Materials Handling Following Sector Expert Appointment

Independent lender to the SME market, Time Finance, is set to expand into the materials handling market with the launch of a specialist team headed up by newly appointed regional sales manager, Phil Blea.

Time Loan Finance Limited is authorised and regulated by the Financial Conduct Authority, under firm reference number 710117, for mortgage broking activities. Registered office: Second Floor, St James House, The Square, Lower Bristol Road, Bath BA2 3BH. Registered in England with Company No. 7117511. Commercial Mortgages, Property Development, Buy-To-Let Mortgages and Lending to limited companies is not regulated by the Financial Conduct Authority.