This comprehensive list of all CBILS Lenders includes answers to the following questions:
Written on April 7, 2020 by Xeinadin Group
- What their lending criteria are
- What guarantees they are requesting
- How individual businesses can apply
- Their expected timescales and credit processes
- How they are prioritising lending (eg. focusing on current business borrowers or willing to talk to new borrowers)
Abn Amro Commercial Finance - No direct page for borrowers to apply to as yet but brief details can be found HERE. ABN AMRO Commercial Finance representative has told us that they will not be offering the CBILS as a standalone product. The scheme will only be available alongside their Receivables Finance offering.
Arkle Finance - A full application form is available HERE and a brief overview of the scheme is available HERE. Arkle are Asset Finance lenders and are offering their Hire Purchase & Finance Lease products under the scheme for borrowers to purchase new equipment for their Business (refinance of current assets may also be considered by exception). Arkle are offering loans of between £5,000 - £500,000+VAT over 2-5 years.
ART Business Loans - No direct page for applications at the moment but they have provided useful information on how to contact them HERE. Loan support will only available across the West Midlands, Herefordshire, Shropshire, Worcestershire and Warwickshire.
ASK IF Inclusive Finance - You can start your enquiry HERE. ASK IF can offer CBILS loans from £10,000 up to £60,000.
Bank of Ireland UK - Bank of Ireland don’t currently have a direct page to apply for CBILS but they do have general guidance HERE and an infographic HERE. They tell us they will be offering Term Loans and Revolving Credit Facilities but it appears this will only be in Northern Ireland.
BCRS Business Loans - apply for the scheme directly HERE. BCRS advise that they can only support businesses based in the West Midlands.
British Enterprise Fund - you can register to apply for CBILS through British Enterprise Fund HERE. In addition to CBILS, they are also offering Working Capital Loans and are actively supporting new applications for Start-up Loans. You can find out more HERE. They are offering loans up to £25,000.
Calverton Finance - you can apply for the scheme directly HERE. However, you must also request additional funding from Calverton and they will not be offering CBILS as a standalone product.
Chamber Acorn Fund - We have been informed that although they are a partner of the CBIL programme, at this time they don't have sufficient capital in order to participate in the scheme.
Clydesdale - you can apply for CBILS through Clydesdale HERE. If you need to speak to the team about a new or existing application, you can contact them on 0800 032 3971.
Compass Business Finance - If you are a print, packaging or engineering company, you can apply to the scheme via Compass directly HERE.
County Finance Group - there is no option currently to submit an application via the website, however, you can request a call back HERE or make an enquiry HERE. Note that they are quite a small lender and they state “We have been inundated with calls in respect of the CBILS facility and we are trying our best to speak and discuss all of the enquiries that are coming in.”
Coventry & Warwickshire Reinvestment Trust - only accepting applications for the scheme from businesses based in Coventry and Warwickshire. You are unable currently to apply directly online, but you can use the general contact form to get in touch with someone HERE.
Danske Bank - There is currently no way to apply directly on the website at this time. They recommend that you contact your Relationship Manager suggesting that they will be prioritising current customers.
DSL Business Finance - you can request an action pack HERE. Please note that only Scottish businesses will be eligible.
Enterprise Answers - you cannot currently apply directly online, nor is there any specific guidance on CBILS, but you can contact them on 01768 867118 or email [email protected]. It is worth noting that normal applications require a business plan, financial forecasts, annual and Management accounts.
Finance for Enterprise - helping businesses across South Yorkshire, North Midlands and Mid/North Lincolnshire and, although there is nothing specific on their website on CBILS, you can contact them on their generic form HERE.
First Enterprise - nothing up yet but details of their offering will be on their website soon HERE.
GC Business Finance - you can apply directly on their website HERE. GCBF can support North West - based businesses with loans from £25,000 up to £100,000.
Genesis Asset Finance - offering Asset Refinance facilities to both new and existing customers. They are also able to offer support to businesses wishing to acquire additional equipment through CBILS in the form of Hire Purchase and Finance Leasing. They are also offering a ‘Refinance Rewrite’ facility to existing customers only. To find out more about any of their offers, contact them on 0161 371 1160. They currently do not have any facility to apply directly online.
Haydock Finance - only dealing with the Asset Finance part of CBILS. However, you need to contact an Asset Finance broker and not Haydock Finance directly as their business model does not support this.
Hitachi Capital UK - there is nothing currently on the website specifically about CBILS but this is subject to change. However, you can contact them directly HERE to make an enquiry.
HSBC - existing customers can log in to their internet banking account, otherwise all customers can contact HSBC HERE. Term Loans will be part of HSBC’s offering for CBILS.
Let’s Do Business Group - supporting small businesses in Essex, Sussex, Surrey, Suffolk and Ken only to access CBILS if their own bank can’t help in the first instance. You can apply directly HERE.
Lloyds Bank - business banking customers can directly apply for the scheme HERE or contact their dedicated Relationship Manager. Currently for existing clients only.
Merseyside Special Investment Fund - there is currently nothing about CBILS on their website but you can contact them on their general form HERE.
Metro Bank - they will be adding ways to apply to their website in the coming days but their guidance on those affected and seeking help with CBILS can be found HERE.
NatWest / RBS - Small business loans from £1,000 up to £50,000 can apply directly to the scheme via the website HERE. Loans up to £5m are available and should be discussed with your Relationship Manager. Please note, a personal, director or member’s guarantee may be required and unfortunately, they will NOT consider Coutt’s clients as Coutts are trying to get onto the CBILS scheme themselves. We have been told that Natwest are asking businesses to apply to their current lender first and only if their lender formally rejects them will they consider their application. They will also want to know why the current lender has rejected the application.
Newable - Loan amounts remain from £26,000 up to £150,000 but you should follow the CBILS guidelines in terms of wage bills and turnover limits. Rangewell can submit your application in the normal manner and we will ensure Newable is aware your application is part of CBILS because your business has been negatively impacted by the disruption caused by COVID-19.
Santander - customers are being advised to speak to their Relationship Managers. Businesses with up to two directors, owners or partners can apply directly online HERE for a business overdraft from £500 up to £25,000.
Secure Trust Bank - Nothing specific to CBILS on the website yet but new customer applications are on hold.
Skipton Business Finance - will only run CBILS alongside Invoice Finance facilities and not as standalone products. You must be B2B but can submit an enquiry directly on the website HERE.
SWIG Finance - only working with businesses based in the South West. You can apply for loans up to £100,000 and can apply directly HERE.
RBS - see NatWest / RBS also. You can apply directly for an RBS Small Business loan HERE.
TSB - are currently implementing CBILS and will have something on their website in the coming days.
Ulster Bank - you can apply directly for lending through their normal application channels HERE.