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Coronavirus Business Interruption Loan Scheme

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

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 Rate¹ for loans up to and including 3 years

● 3.99% over Bank of England Base Rate¹ 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

Important Information

Find out what you can expect when you borrow from HSBC

Useful Links

Coronavirus Business Interruption Loan Scheme FAQS

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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