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Coronavirus Business Interruption Loan Scheme (CBILS)
A UK government-backed financing scheme designed to provide financial support to businesses during the initial stages of the COVID-19 pandemic.
The Coronavirus Business Interruption Loan Scheme / CBILS offered loans of up to £5 million to eligible businesses to help them cover their operating costs and manage cash flow challenges. The government guaranteed 80% of the loan, making it easier for businesses to access financing from lenders. CBILS was a temporary scheme that concluded on March 31, 2021.
As of July 2024, The Growth Guarantee Scheme (GGS) has replaced this government-backed finance scheme for businesses. For more, read our article on The Government-Backed Growth Guarantee Scheme.
