Coronavirus Business Interruption Loan Scheme

We are dedicated to supporting you and your business during this unprecedented period. 

The Coronavirus Business Interruption Loan Scheme is now closed to new applications.

Please note, applications received by 23.59 on 31 March 2021 can still be processed through to 31 May 2021.

If you have a query about CBILS, or wish to discuss an outstanding application, please contact your Relationship team in the usual way.

The Coronavirus Business Interruption Loan Scheme (CBILS) is available for UK companies that have an annual turnover between £1,000 - £45 million. 

Please be aware that this is a government backed guarantee scheme. However, your business will always remain responsible for repayments of the whole (ie.100%) of the debt.

We will not take personal guarantees (PGs) as security for CBILS lending below £250,000. 

For lending above £250,000, personal guarantees may still be required but recoveries under these are capped at a maximum of 20% of the outstanding balance of the CBILS facility after the proceeds of business assets have been applied. A principal private residence (PPR) will not be taken as security to support a personal guarantee or as security for a CBILS-backed facility.

 

Is my business eligible? 

To be eligible to be considered your business must: 

  • Be based in the UK, with a turnover of no more than £45 million per annum 
  • Operate within an eligible industrial sector - your Relationship Director will be able to confirm this with you or you can confirm this by visiting the British Business Bank website
  • Have a sound borrowing proposal and be viable (notwithstanding the disruption caused by the current COVID-19 pandemic)

Next steps

Select an option below to find out to see how we can help: 

Santander Corporate & Commercial customers

If you’re an existing Santander Corporate & Commercial customer, please contact your Relationship Team who will talk to you about specific Overdraft and Loan options that may be available to you.

For loans of up to £50k

You may wish to consider a government-backed Bounce Back Loan. Please visit the Bounce Back Loan Scheme (BBLS) page to find out more.

Santander Business Banking customers

For loans above £50k

Please email the Commercial Direct team, including your account number and the amount you would like to borrow, to discuss your requirements commercialdirect@santander.co.uk.

For loans of up to £50k

You may wish to consider a government-backed Bounce Back Loan. Please visit the Bounce Back Loan Scheme (BBLS) page to find out more.

Please note that applications are subject to status and the right to decline any application is reserved.

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 opened 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.

Government support for businesses 

These include: 

  • a statutory sick pay relief package for SMEs 
  • a 12-month business rates holiday for all retail, hospitality and leisure businesses in England
  • small business grant funding of £10,000 for all businesses in receipt of small business rate relief or rural rate relief; and 
  • grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000

Businesses can find information on the whole range of support that the Government is offering at the COVID-19: guidance for employees, employers and businesses page.

British Business Banking

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. Visit british-business-bank.co.uk