Sign in to view your CBILS loan

The CBILS scheme has now closed for new applications. Check the status of your CBILS loan by signing in to your account.

British Business Bank

Funding Circle is accredited by the Government-owned British Business Bank to provide business loans of £25,001 to £350,000 under the Recovery Loan Scheme (RLS). .

What is CBILS - Coronavirus Business Interruption Loan Scheme?

The Coronavirus Business Interruption Loan Scheme (CBILS) is a government initiative to help UK small businesses affected by coronavirus to access finance.

The scheme has now closed for new applications. If you started an application before 31st March and have submitted your documents, we will contact you with further information or you can sign in to your account to view your application.

When taking out a CBILS loan, the business is liable for the full loan amount. If the business is unable to repay, the scheme provides a partial guarantee to the lender, not to the business. A personal guarantee is required for CBILS loans of over £250,000.

How to apply for a business loan

It’s quick and easy to apply for small business finance online and our support team are on hand if you have any questions.

  1. Check if you qualify in 30 seconds

    See if you’re eligible without affecting your credit score.

  2. Apply online in 10 minutes

    Tell us about you and your business with our simple application.

  3. Get your decision

    If approved, you’ll receive a no-obligation, personalised quote.

  4. Your loan is funded

    Once you accept, we run some final checks to process your loan and deposit the money straight into your account.

Apply now

Here to help if you need us

Our UK-based team are here to help throughout your loan.

0800 048 2467

Need help? Call us.


Brilliant service and every step is made to be as easy and straight forward as possible.
Mel, March 2021
reviews

Frequently asked questions

With Funding Circle you can borrow between £10,000 to £500,000 using CBILS. If you need to borrow more, we may be able to introduce you to some of our partners who can offer larger loans. The scheme has a maximum limit of £5 million.

At Funding Circle, the CBILS loan interest rates are between 2.9%-12.1% APR.

APR is the total you will pay for borrowing over the duration of the CBILS Loan, shown as an annual rate. It does not include the upfront fee and the first year’s interest, as the Government pays this for you.

A personal guarantee is not required for CBILS loans of up to £250,000. However, when taking out a CBILS loan, the business is liable for the full loan amount. If the business is unable to repay, the cbils scheme provides a partial guarantee to the lender, not to the business. For CBILS loans over £250,000, a personal guarantee is required.

The Government’s guarantee is to the lender, not the business. Only when the business is unable to repay would the government’s guarantee come into effect.

With a CBILS loan from Funding Circle you can borrow over 2 to 5 years, with nothing to repay for the first 12 months.

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). Full details on CBILS eligibility criteria and the list of participating CBILS lenders can be found on the British Business Bank website.

Please note that, as with any other commercial transaction, the borrower is always responsible for the repayment of the full value of any facility supported by CBILS. The government-backed guarantee is to the lender and not the small business. Any queries about an active or historic EFG facility, including guarantee fee collection and alterations to their repayment profile should be raised with the lender, and not the British Business Bank.

We’re here to help

Contact our team if you have any questions.

0800 048 2467

Need help? Call us.