Coronavirus Business Interruption Loan Scheme (CBILS)

We are now accredited for CBILS via the British Business Bank and ready to support businesses with their cashflow during COVID-19. With loans between £50,001 up to £250,000, your business can borrow what it needs with no repayments for the first 12 months.

Whether you need the money to combat a lack of revenue, pay invoices or address any other funding gap, a CBILS loan can help stabilise your business finances.

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£50,001 to £250,000
No interest or fees for 12 months
Up to six years

What Is the Coronavirus Business Interruption Loan Scheme (CBILS) ?

The Coronavirus Business Interruption Loan Scheme (CBILS), is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. The scheme which is partially guaranteed by the Government, enables lenders such as Nucleus Commercial Finance to provide funds to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities.

In addition there are no guarantee fees for SMEs to access the scheme. The Government will make a Business Interruption Payment to cover the first 12 months of interest payments and fees charged in the first year, allowing businesses to benefit from no upfront costs and lower initial repayments.

The borrower always remains 100% liable for the debt.

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Since the start of the COVID-19 pandemic, we are proud to have approved over £100m in funds to SMEs across the country

Over £100M

Amount approved

ELIGIBILITY CRITERIA

You might be eligible if:

  • You're a UK resident with a business or registered charity based in the UK
  • Your business was established before 1st of March 2020
  • You can certify that your business has been adversely impacted by coronavirus (COVID-19)

You won't be eligible if:

  • You already have a Bounce Back Loan, You can only apply for one loan through the Bounce Back Loan Scheme and you won't be able to increase the loan amount once it's been approved
  • You already have a Coronavirus Large Business Interruption Loan or the Bank of England's Covid Corporate Financing Facility
  • You're a bank, insurer, reinsurer (but not insurance broker); public - sector body; further - education establishment, if grant - funded; or state - funded school

NUCLEUS FINANCIAL PRODUCTS

Our range of products means that you will always find a financial solution to suit the needs of your business. Whether that's a secured or unsecured business loan, an invoice finance or asset based facility, or a combination, our experts will get to know your business and deliver a finance solution that fits.

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How Nucleus Works

1

Make an enquiry

It is a good idea to think through the amount you need, what you will use it for and prepare your documents like bank statements and accounts.

2

Receive an offer 

Dependent on the product you are applying for this process will vary. Once the terms are agreed you will proceed to the final stage.

3

Access funding 

In as little as 24 hours (dependent on product), once everything is agreed, you will receive the funds in your business bank account.

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CLIENT STORIES

IN THE PRESS

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If you would like to speak to one of our experts, organise a comment or profile Nucleus, please contact our press team using the button below and select 'Marketing & PR' on the drop down list.

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