Government-backed lending schemes
There are three main government-backed lending schemes available to businesses impacted by COVID-19:
- Bounce Back Loan Scheme (BBLS)
- Coronavirus Business Interruption Loan Scheme (CBILS)
- Coronavirus Large Business Interruption Loan Scheme (CLBILS) – not available to customers who do not have a Relationship Manager.
Please note that as of 24 September, the Chancellor of the Exchequer has announced that the schemes will be extended until 30 November 2020. Scheme changes were also made to existing Bounce Back Loans and Coronavirus Business Interruption Loans. If you have an existing loan, we’ll provide further details shortly, there’s no need to contact us at this time.
In order to direct you to the appropriate scheme for your business, please select the relevant option below:
Asset Finance
If you are looking to acquire a new asset or finance an existing asset, but your business has experienced difficulties as a result of the coronavirus pandemic, the Coronavirus Business Interruption Loan Scheme may be available to support you.
Your Group turnover must be between £3million and £45million to be eligible to apply.
Financial support for your business
We have designed a £2 billion support package to help your business over the coming weeks and months.
For more information on the Bounce Back Loan Scheme (BBLS) or Coronavirus Business Interruption Loan Scheme please visit our Government-backed lending schemes pages.
ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
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. Not all telephone banking services are available 24 hours, 7 days a week. Please speak to an adviser for more information.
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Telephone: 020 7626 1500. 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.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.