Supporting you with Coronavirus Business Interruption Loan Scheme (CBILS)


In light of recent events, Charles & Dean want to offer the very best support and guidance to as many businesses as possible at this difficult time. We understand that whilst the government funding has been made available, the access to the funding is time critical and here at Charles & Dean we are well positioned to guide, support and provide efficient access to these government backed loans.


CBILS is a new scheme that can provide facilities of up to £5 million for smaller businesses across the UK who are experiencing disruptions to their cash flow due to the Coronavirus. Businesses with a turnover of less than £45 million and that are viable in conditions outside of the Coronavirus pandemic, are eligible to apply for the loan scheme.

So how can Charles & Dean support you? 

Business Loan 

Key Features:

  • Unsecured business loans from £26,000 upto £150,000 to viable UK businesses with a trading history in excess of 2 years.

  • As part of the CBIL Scheme the government will cover the first 12 months of interest payments, and any bank fees.

  • The maximum loan limit can not exceed 25% of your annual turnover (2019) or double your annual (2019) wage bill of the business, including contractor costs and social charges.

The high-level eligibility criteria are:

  • Be UK-based in its business activity, with annual turnover of no more than £45m.

  • Have a borrowing requirement which, were it not for the current pandemic, would be considered viable by the lender, and for which the lender believes the provision of finance will enable the business to trade out of any short-to-medium term difficulty.

Equipment Finance Key Features:

  • Equipment Finance from £5,000 upto £500,000 to viable UK businesses with a trading history in excess of 2 years.

  • Term lengths 12 – 60 months.

  • Refinancing can be considered under the CBIL Scheme on a deal by deal basis.

  • As part of the CBIL Scheme the government will cover the first 12 months of interest payments, and any bank fees.

The high-level eligibility criteria are:

  • Be UK-based in its business activity, with annual turnover of no more than £45m.

  • Have a borrowing requirement which, were it not for the current pandemic, would be considered viable by the lender, and for which the lender believes the provision of finance will enable the business to trade out of any short-to-medium term difficulty.

For more information please click here and complete the form.

Charles and Dean Ltd is a member of the National Association of Commercial Finance Brokers and is authorised and regulated by the Financial Conduct Authority.

Charles and Dean Limited is a credit broker and not a lender. Charles and Dean Limited operates with a panel of lenders from whom we may be paid a commission.

Registered address: 2 The Granary, Copthill Farm Enterprises, Deeping Road, Uffington, Stamford, PE9 4TD. Registered in England & Wales. Registration Number: 07924225.

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