Tips on how to access the Coronavirus Business Interruption Loan Scheme (SBILS)

The Coronavirus Business Interruption Loan Scheme is designed to help SMEs, with a turnover of less than £45 million, to obtain loans of up to £5 million for six years. Eligible businesses include sole traders, limited companies and limited partnerships. The Government will provide lenders with a guarantee of 80% on each loan and lenders will not take personal guarantees for facilities below £250,000. Read more

New 100% backed loan scheme for small businesses

The Bounce Back Loans scheme, announced on the 27th April by the Chancellor, will provide loans of up to £50,000 to the smallest businesses affected by the coronavirus pandemic. This is in addition to the existing package of support available to these firms. Read more

Coronavirus Future Fund

This scheme, which will launch in May 2020, will issue convertible loans of between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak. To be eligible you will need to:-

• Attract the equivalent match funding from third-party private investors and institutions
• During the last five years, have previously raised at least £250,000 in equity investment from third-party investors 

To find out more about the Coronavirus Future Fund.

Don't miss out on available coronavirus support

There is extensive Coronavirus (COVID-19) support available to employers and the self-employed. You may be eligible for loans, tax relief and cash grants. Use the online business support finder tool, which can be found on the government’s website, to see what help is available for you and your business. Read more