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Coronavirus Government Loan Schemes

The British Business Bank’s Coronavirus Business Interruption Loan Scheme ("CBILS") and Coronavirus Large Business Interruption Scheme (“CLBILS”) facilitate lending to businesses.

They are only available through accredited lenders and are designed to help SMEs manage cash flow during the COVID-19 pandemic.

Under the scheme, we can offer government-backed loans up to £5m (CBILS) or up to £100m (CLBILS) to businesses using our invoice finance facilities.

Is my business eligible?

To be eligible for support via a CBILS/CLBILS facility, a business must:

    1

    Be a viable UK based business, with a turnover of no more than £45m per annum

    2

    Generate more than 50% of its turnover from trading activity and require a CBILS-backed facility to support trading primarily in the UK

    3

    Borrow up to a maximum of £5m (finance terms are up to five years for term loans and asset finance, and three years for invoice finance)

    4

    Be suitable for a Close Brothers invoice finance facility (usually a B2B company with turnover of £500k or more per annum. If your projected income is less than £500k we may be unable to help you)

    1

    Be a viable UK based business, with a turnover of more than £45m per annum

    2

    Borrow up to maximum of £100m with CLBILS (finance terms are up to three years

    3

    Not have received a facility under the Bank of England’s Covid Corporate Financing Facility (CCFF), or CBILS, or BBLS

    4

    Be suitable for a Close Brothers invoice finance facility (usually a B2B company with turnover of £500k or more per annum. If your projected income is less than £500k we may be unable to help you)

    How can I access the scheme through Close Brothers?

    If you are an existing Close Brothers Invoice Finance customer, please contact your account manager who will be able to inform you about the application process.

    If you are a new customer interested in applying for both an invoice finance and CBILS/CLBILS facility, please call 08081499318 to speak to one of our funding specialists.

    Full details on eligibility criteria and the list of participating lenders can be found on the British Business Bank website at: https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/

    CLBILS and CBILS diagram

    If you have a projected turnover above £500k and trade on a business to business basis, please complete our contact form below and we will come back to you. Or call us on 08081499318.**

    * Please note our minimum criteria is a projected turnover above £500k. It may be difficult for us to assist if you are below that level.

    ** Monday to Friday, 9am to 5pm. We are committed to protecting your privacy and recognise our responsibility to keep the information you provide us confidential at all times. Click here to view our privacy policy.

    Contact us

    Close Brothers Invoice Finance
    Ridgeland House
    165 Dyke Road, Hove
    East Sussex, BN3 1UY

    T: 0127 305 9530 *

    *Freephone from landlines

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