CBIL eligibility checklist
Your business may be eligible if it:
- has been negatively impacted by the outbreak of Covid-19 (e.g. reduced cash flow)
- is a UK Trading Business operating with a Secure Trust ABL facility
- has been running for over 12 months and has a turnover of no more than £45 million
- does not exceed the European Community State Aid maximum, as a result of taking out a CBIL
- does not operate in an ineligible or excluded sector
- the loan amount does not exceed 25% of the turnover of the business in 2019
- can demonstrate that it has a viable business proposition which will be assessed according to our lending criteria
NB
- The Finance is to support the business to trade out of any short/medium term cashflow difficulty caused by the CV19 impacts and if granted the business should not go out of business in the short to medium term
- The borrower remains 100% liable for the debt
Full details available on the British Business Bank website.