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.

Two shop workers stood in front of the doorway of a shop with an open sign in the window

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.

Logo of the British Business Bank

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:

Owner of Brush Baby, Dominique Tillen stood beside one of her banners

Brush-Baby secure funds for innovation

“Despite the challenges we’ve faced in the last 12 months, we want to continue innovating and growing our business where possible. Securing a CBILS loan has been critical in getting our business back on track".

Headshot of Time Finance's Director of Commercial & Loans, Sharon Bryden

Sharon Bryden secured as Director of Commercial Loans & ABL

Sharon brings two decades of experience to the role across multiple funding solutions.

A pile of tyres in a disused warehouse

Time Finance keep AC Tyres rolling with CBILS loan

"Within a week or two of our application for a CBILS loan, we received our funding. The quick turnaround has been instrumental in helping us kickstart our operations as government guidelines begin to relax".

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.