The Coronavirus Business Interruption Loan Scheme (CBILS) was designed to support existing HSBC UK customers who had a borrowing need which we would have considered viable were it not for the COVID-19 pandemic.
Customers remain liable for the entire loan amount and we’ll seek to recover the outstanding balance of the loan, as well as the proceeds of any security, or any security provider on their behalf, given for the loan. Only after this will we look to realise the government guarantee.
The EFG scheme is temporarily suspended at this point in time. If you wish to apply for a financing facility, we will be able to assess if you are eligible under CBILS.
CBILS was open for applications until 31 March 2021 at 11.59pm.
If you are concerned that you cannot meet the repayments on your loan after 12 months, then either:
We’ll assess your situation and discuss your options.
A term extension beyond 6 years, up to a maximum of 10 years for existing CBILS facilities may be possible if your loan is within our usual forbearance policies. To apply for this, please either: Call your Relationship Manager or;
If you don’t have a Relationship Manager, call the Coronavirus Customer Support Line as soon as possible on 08000 121 614 (from 08:00 – 18:00 Monday to Friday)
CBILS is delivered by the British Business Bank, through HSBC UK as an accredited lender. CBILS will support the continued provision of finance to UK SMEs during the Covid-19 outbreak. 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).
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