Applications for the following schemes are now closed: Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) & Coronavirus Large Business Interruption Loan Scheme (CLBILS)

We’ll update this page regularly with information about the government schemes as it becomes available.

Recovery Loan Scheme (RLS)

We are participating in the government-backed Recovery Loan Scheme (RLS). The scheme launched on 6 April 2021 and supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic.

Borrow between £25,001 and £10 million, from 1 to 6 years. 

More about RLS

Bounce Back Loan Scheme (BBLS) 

Pay As You Grow

The government announced Pay As You Grow to support businesses with repaying their Bounce Back Loan.

Pay As You Grow gives you more time and flexibility to pay back your loan, should you need it.

We’ll email you when your options are available, there’s no need to contact us.

More about Pay As You Grow

Making repayments

If you’re able to make your Bounce Back loan repayments as set out in your loan agreement, you don’t need to do anything. We’ll automatically start taking payments 13 months after we paid the loan into your account.

You can also pay back some or all of your loan early, with no early repayment charges.

Making repayments

Scheme information

Applications for the Bounce Back Loan Scheme, including any Top-Ups to existing loans, closed on 31 March 2021.

Scheme information

Your Pay As You Grow options

The simplest way to view and select your Pay As You Grow options is by logging on to Online for Business.

Not registered for Online for Business? Register now

Log on and view options

Businesses with a turnover up to £45 million:

Coronavirus Business Interruption Loan Scheme (CBILS)

Applications for the Coronavirus Business Interruption Loan Scheme (CBILS) closed on 31 March 2021.

  • CBILS was a government-backed initiative for businesses with a turnover of up to £45 million
  • Lending through the scheme started at £50,001 up to £5 million, for a term of up to 6 years
  • No interest payments or fees were applicable for the first 12 months of the loan
  • A 12 month capital repayment holiday was available at the start of the loan
  • Businesses who took out a loan through the scheme will remain liable for repayment of the loan. 

If you need support with your existing loan, please contact your Relationship Manager. If you don’t have a Relationship Manager, please call 0345 072 5555

For more information about the Coronavirus Business Interruption Loan Scheme, please visit the British Business Bank website. 

Visit site

Businesses with a turnover above £45 million:

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

Applications for the Coronavirus Large Business Interruption Loan Scheme (CLBILS) closed on 31 March 2021. 

  • CLBILS was a government-backed initiative for businesses with an annual group turnover above £45 million
  • Lending through the scheme started at £50,001 up to £200 million, for a term from three months up to three years.
  • No personal guarantees were permitted for facilities under £250,000. For facilities more than £250,000, claims on personal guarantees could not exceed 20% of losses after all other recoveries had been applied.
  • Businesses who took a loan out through the scheme will remain liable for repayment of the loan. 

If you need support with your existing loan, please contact your Relationship Director.

For more information about the Coronavirus Large Business Interruption Loan Scheme, please visit the British Business Bank website. 

Visit site

Important Legal Information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.