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

Contact us direct if you have any questions or concerns and we will do our very best to help.


We’ve extended all existing memberships by three months and are welcoming new members with an option to defer payment for three months. Contact us to learn more.