Coronavirus Business Interruption Loan Scheme

Features of the Scheme, at a glance:

  • A Government guaranteed loan to viable businesses with a sound borrowing proposal

  • No fee was required for the Government guarantee

    Originally available for sums of £50,001 to £5,000,000

  • Variable and fixed interest rate options

  • An interest free period of 12 months applied, after which the interest was charged as follows:

    • 3.49% over Bank of England Base Rate* for loans up to and including 3 years
    • 3.99% over Bank of England Base Rate* for loans over 3 years

  • No repayment of capital was required during the period of 12 months from drawdown

  • The loan was repayable over any period up to 6 years

FAQS

Important Information

Find out what you can expect when you borrow from HSBC

Useful Links

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.

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