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CBILS

Government-backed guarantee for lenders

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.

The scheme provides lenders with a government-backed guarantee, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’. SMEs from all sectors can apply for the full amount of the facility.

About the CBILS scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the

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Apply Today

AskIf is offering CBILS loans from £50,000 – £100,000 to UK businesses that have been trading for 12 months.

The deadline for CBILS applications is March 31st. We want to help small businesses who need it most to survive and thrive during this challenging period and into the future. 

Apply today and one of our friendly lending managers will be in touch to discuss your options. 

apply now
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How We Help You

AskIf is able to lend between £50k-£100k to SMEs that have felt the financial impact of COVID-19.

The AskIf process is designed to help businesses in need of financial support who are unable to secure finance from mainstream banks and other lenders. 

Our lending manager will support you through the applications process and talk through your needs. 

As the deadline draws closer we will aim to get approval to you as soon as possible.

Apply now
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Can Your Business Apply?

To be eligible for a CBILS loan from AskIf your business must…

  • Be a UK-based Limited Company .
  • Have been trading for a minimum of 12 months.
  • Have a borrowing proposal which, were it not for the current pandemic, would be considered viable.
  • Self-certify that your business has been impacted by COVID-19.
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case studies

Businesses We’ve Helped

JIMJAMS
“The CBILS loan has been transformational to our business, online orders have exploded and we've launched two new flavours since this crisis began. Support from retailers has been fantastic” JimJams is a range of low-sugar chocolate spreads and snacks, established...
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CASA CANNOLI
“CBILS saved my business. I hope people will be as keen as ever to enjoy a little treat to celebrate the good things and people in their lives once we emerge from Covid-19” Casa Cannoli is a family-run business with...
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HULL BOXES & PACKAGING
“We’re happy to be helping the local farm shops which usually only deliver once at Christmas to deliver every week to their customers with locally sourced produce and groceries” Hull Boxes & Packaging Limited is a family-run business who specialise...
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Still unsure whether CBILS is right for your business?

The British Business Bank and The Institute of Chartered Accountants in England and Wales (ICAEW) have created new content to help businesses that are facing financial and operational challenges as a result of the coronavirus outbreak. You can view this regularly updated guidance at the Business Finance Guide website.