The Coronavirus Business Interruption Loan Scheme
Support for businesses without a dedicated Relationship Manager
We're here to support our customers during the Covid-19 outbreak and have been confirmed as an accredited lender to offer the Government’s recently announced Coronavirus Business Interruption Loan Scheme (CBILS).
The scheme enables us to offer businesses a government-backed lending facility where they meet the British Business Bank’s eligibility and our credit criteria.
Businesses with a turnover up to £45 million will be able to access loans of up to £5 million, with the first 12 months interest-free and the first 6 months capital repayment free, to support them during the COVID-19 pandemic.
Please note, the customer remains liable for repayment of 100% of the loan. If Lloyds Bank do not currently provide you with transactional banking facilities, please speak to your main bank for support in the first instance.
To find out more about the scheme please visit the British Business Bank website.
We are facing an unprecedented level of customer demand and are endeavouring to do all we can to meet customer requests.
To ensure your enquiry is correctly handled, please review the three eligibility sections below:
Returning your enquiry form
If you are an existing Lloyds Bank Business Banking customer, please email your enquiry form to Covid19businessloan@lloydsbanking.com.
Please include your contact details and a telephone number so we can call you back.
Due to unprecedented levels of demand, some customers are experiencing issues with returning the form to our mailbox. If you experience any issues, please try to email your completed form again later today. Please ONLY email the enquiry form, do not email any extra documents to support your request. If any extra information is needed, we will ask for this when we call you back.
Thank you for your patience.
To assess a new lending request we will potentially need supporting information. Please ensure you have the following available before submitting, so we can help you as quickly and efficiently as possible.
- Financial Accounts – last 3 years (if sole trader or partnership – Tax returns SA302)
- Personal income and expenditure document completed for all directors/shareholders of the business
Dependant on individual circumstances we may require further information however your experienced lending manager will be able to discuss this with you.
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.
Disclaimer: This is a provisional assessment of eligibility only. This is not an offer of support or confirmation that you'll be eligible for support. An offer of support will be dependent upon a full credit assessment and further checks to confirm scheme eligibility. The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS).
Full details on CBILS eligibility criteria and the list of participating CBILS lenders can be found on the British Business Bank website at: www.british-business-bank.co.uk/CBILS