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.

Latest News

Time Finance expands southern presence with Senior Broker Manager appointment

Time Finance is boosting its provision of Asset Finance for SMEs across the South and South West with the appointment of new Senior Broker Manager, Michael Tyler underpinning the independent lender’s ambition to grow its lending portfolio to £300m.

Time Finance boosts £300m lending ambition with Asset Finance appointment

Vajinder joins the lender in the North West and will be responsible for developing and managing relationships across the intermediary market.

Time Finance appoints new Head of Structured Credit to its Asset Finance Division

Geoff’s appointment forms part of Time Finance’s ongoing strategy to grow its lending book to £300 million.

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.