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Apply for a loan or overdraft under the Coronavirus Business Interruption Loan Scheme

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In response to coronavirus, the government has announced two lending schemes to support businesses.

The Coronavirus Business Interruption Loan Scheme (CBILS) is the original scheme to support businesses. This scheme provides a government backed guarantee when a loan or overdraft application doesn’t meet a lender’s usual requirements. Starling has been confirmed as an accredited lender under the CBILS scheme.

Update 8 May 2020: The CBILS lending scheme is now open to further education institutions and registered charities.

Complete the form below to apply for a CBILS loan or overdraft.

Loans with the CBILS

The CBILS will provide access to loan finance from £50,001 up to £250,000.

We are only accepting CBILS loan applications for limited companies and LLPs.

Loans above £50,000 are priced according to your circumstances. You may be eligible under the scheme to apply for a Business Interruption Payment which will enable you to claim back the Arrangement Fee and the first year of interest charges.

Overdrafts with the CBILS

CBILS overdrafts with Starling will provide access to overdraft finance from £50,001 up to £150,000 for limited companies and Limited Liability Partnerships.

Our overdraft interest rates

Limited companies and limited liability partnerships: 10% and 15% EAR (variable) based on our assessment of your business - representative 10% EAR (variable). At setup, we charge a fee of 1.5% (minimum £50) of your agreed limit, which is charged annually.

You may be eligible under the scheme to apply for a Business Interruption Payment which will enable you to claim back the Arrangement Fee and the first year of interest charges.

Interest is accrued daily and charged on the 15th of the following month and it’ll always be updated clearly in your app.

An EAR (Equivalent Annual Rate) is a common way of showing interest rates on overdrafts which you can use to compare different banks’ interest rates. This does not include fees (such as set-up or annual renewal fees). The Representative EAR is the rate we expect at least 51% of our customers to get.

For a CBILS loan with Starling, we require that you have been trading for at least 3 years.

    Have you got a Starling business current account?

    Your business

    Which bank is your primary bank account?

    About you

    Your borrowing request

    Your current business borrowing

    Did you take this out under the Coronavirus Business Interruption Loan Scheme?

    By submitting your application, you’re confirming to us that you are a director or partner authorised to act on behalf of the business and consenting to us undertaking a new credit check on your profile, which includes a check on your personal credit file and one for your business entity. Where there are fewer than 4 directors in the business, you confirm that all Persons of Significant Control consent to us undertaking a credit check on both their business and personal credit files. All personal information that you give us will be stored and processed in accordance with our Privacy Notice. We’ll be in touch soon about your application and might require more evidence of your business financials, including bank statements, your most recent year-end accounts and invoices.British Business Bank logoThe 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). 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.

    Thank you for your application.

    We’ll be in touch soon about your application and might require more evidence of your business financials, including bank statements, your most recent year-end accounts and invoices.

    For a CBILS overdraft with Starling, we require that you have been trading for at least 3 years.

    Have you got a Starling business current account?

      Your business

      Which bank is your primary bank account?

      About you

      your Borrowing Request

      your Current Business Borrowing

      Did you take this out under the Coronavirus Business Interruption Loan Scheme?

      By submitting your application, you’re confirming to us that you are a director or partner authorised to act on behalf of the business and consenting to us undertaking a new credit check on your profile, which includes a check on your personal credit file and one for your business entity. Where there are fewer than 4 directors in the business, you confirm that all Persons of Significant Control consent to us undertaking a credit check on both their business and personal credit files. All personal information that you give us will be stored and processed in accordance with our Privacy Notice. We’ll be in touch soon about your application and might require more evidence of your business financials, including bank statements, your most recent year-end accounts and invoices.British Business Bank logoThe 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). 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.

      Thank you for your application.

      We’ll be in touch soon about your application and might require more evidence of your business financials, including bank statements, your most recent year-end accounts and invoices.

      Other options

      The business Bounce Back Loan Scheme provides access to loans from £2,000 to £50,000. Information on eligibility criteria and to join our BBLS list.

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      Our Privacy Notice sets out how the personal data collected from you will be processed by us.

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