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

If you’re worried about making your loan repayments, you can choose from a number of Pay As You Grow support options.

You can select options up to three months before your first repayment is due.

We will email you when your options are available, you do not need to contact us.  

More about Pay As You Grow

Making repayments

If you’re able to make repayments as set out in your loan agreement, there is nothing you need to do. 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 repayments charges.

Repaying early

Scheme information

Applications for the Bounce Back Loan Scheme, including any Top-Ups to existing loans, closed on 31 March 2021. Applications received by 11.00pm on 31 March 2021 will be processed by 14 April 2021.

If you previously ran your business from a Personal Current Account and opened a Business Current Account or Loan Servicing Account between 3rd March 2021 and 31st March 2021, you can still apply for a Bounce Back Loan. Your BBLS application can be processed through to 31 May 2021. You will receive an email with details on how to apply.

Scheme information

Not registered for Online for Business?

The simplest way to manage your Bounce Back Loan or select your Pay As You Grow options is by creating an Online for Business account. 

Register now

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. 

Please note, applications received by 11pm on 31 March 2021 can still be processed through to 31 May 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

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Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

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

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.