Coronavirus Business Interruption Loan Scheme

This scheme provides lenders with a government-backed guarantee on business finance products up to £5m, including term loans, overdrafts, invoice finance and asset finance facilities. Read advice on applying for a Business Interruption Loan if you’re a small to medium sized business here.

Smaller businesses from all sectors can apply for the full amount of the facility and must be:

  • UK-based with a turnover of no more than £45m per year
  • Have a proposal which would be considered viable by the lender

Full details of the scheme can be found here.

It was announced on 16/04/2020 that the loan scheme had been extended and that larger businesses can now apply. All firms with a turnover of more than £45 million will now be able to apply for up to £25 million of finance, and up to £200 million for firms with a turnover of more than £250 million.

Read the original article detailing the introduction of large businesses into the scheme here.
Read the update from 19/05/2020 which extended the limit from £50 million to £200 million for firms with a turnover of more than £250 million.


Download a PDF copy of the Business Interruption Loan Scheme guide here.

Page updated 20/05/2020

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