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Coronavirus Business Interruption Loan Scheme

CBILS accredited business
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What is CBILS?

The Coronavirus Business Interruption Loan Scheme (CBILS) is designed to provide financial support for SMEs across the UK during the Covid-19 outbreak. The scheme enables lenders to provide facilities of up to £5m 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.

Sonovate is able to offer CBILS invoice finance facilities alongside our current product offering to both new and existing customers.

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Is my business eligible?

Sonovate is able to provide CBILS supported invoice funding to businesses that meet the following criteria:

  • Is a UK registered business
  • Generate over 50% of turnover from UK activity
  • Have a turnover of no more than £45m per year
  • Funding would have been viable prior to the impact of the Coronavirus
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Frequently asked questions

Find out more

CBILS is delivered through British Business Bank accredited lenders and partners. More details can be found on their website.

Go to British Business Bank Website

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). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details on CBILS and the list of participating CBILS lenders can be found on the British Business Bank website at: www.british-business-bank.co.uk/CBILS

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