Coronavirus support

Business Interruption Loan Scheme (CBILS)

What is the Coronavirus Business Interruption Loan Scheme?

The Coronavirus Business Interruption Loan Scheme (CBILS) is a government initiative to support small and medium-sized businesses. The government provides lenders like Royal Bank, with a guarantee for 80% of qualifying loans. 

Note, the borrower remains liable for all of the debt.

Borrow from £50,001 up to £5m.

Loan terms up to 6 years with fixed and variable interest rates available.

12 month capital repayment holiday is automatically applied at the start of the loan (this may mean you pay more interest over the term).

Interest for the first 12 months is paid by the government, and then by you for the remainder of the loan term.

Choose to make repayments at any time with no early repayment fee.

How it works

Check to see if you are eligible to apply for lending under CBILS.

Speak to your Relationship Manager or complete the online enquiry form to request a call back.

We will be back in touch to talk through possible solutions tailored specifically to you.

You may be eligible if:

You're a UK-based business;

Your annual group turnover is no more than £45m;

You can certify that your business has been impacted by coronavirus;

You can show evidence of affordability for lending prior to coronavirus.

You won’t be eligible if:

You’re a bank, insurer, reinsurer (but not insurance brokers), public sector body, state funded primary or secondary school.

Your business is subject to collections or collective insolvency proceedings.

Your business already has (or is in the process of applying for) a Bounce Back Loan unless that loan is repaid as part of your CBILS application.

Useful info about our Coronavirus Business Interruption Loan

Enquire online about CBILS loans

Are you...
Before you start your CBIL enquiry
Please confirm you are aware that the following form is not a formal application. If we do not receive a completed, signed and dated application form by 31 March 2021 you will not be considered for lending under this scheme.

Enquire online about CBILS loans

Thank you for choosing CBILS. Remember, under CBILS:

You can apply for between £50,001 and £5 million, for terms up to 6 years.

Fixed and Variable interest rates are available.

The government will pay any interest costs or fees from us that apply in the first year.

A 12 month capital repayment holiday will be available at the start of the loan (this may mean you pay more interest over the term).

Please start your enquiry below.

Note: this is not an application form.

You do not qualify for a Royal Bank Coronavirus Business Interruption Loan.

You can still apply for one of our other loans. Please see our loans and finance options online.

Thank you for your interest

We are here to help, but with unprecedented demand we are prioritising applications from our existing customers.  You may be able to access support more quickly by contacting your current bank.

If they are unable to assist, a list of accredited providers is also available on the British Business Bank website.

Thank you for understanding.

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.

Alternative support if CBILS isn't right for you

Bounce Back Loan for small businesses

Lending from £2k to £50k over 6 years for businesses impacted by coronavirus. No interest payments for 12 months.

Business loan repayment holiday

If you bank with us you could be eligible for a Capital Repayment Holiday on your Business Loan.

Business overdrafts

An arranged overdraft is a short-term flexible safety net. Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.

Government support for businesses

An overview of government support, including the job retention scheme, business rate holidays, Covid Corporate Financing Facility and tax support.

Coronavirus support for your business

We understand these are difficult times. If you're in need of a helping hand, we're here to support you.

Something else we can help you with?