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

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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 offers Coronavirus Business Interruption Loan Scheme (CBILS) lending to Limited Companies and Limited Liability Partnerships. This scheme provides a government backed guarantee for business for a Loan or Overdraft. 

Loans are offered from £50,001 to £250,000 and Overdrafts from £50,001 up to £150,000. 

The CBILS scheme will end on 31st March 2021, therefore all applications have to be submitted prior to this date.

Our lending is all underwritten by our in-house team of expert underwriters. We pride ourselves on being able to provide a quick decision.

Our pricing is competitive and  based on your business circumstances and requirements. 

Starling are also offering the Bounce Back Loan Scheme (BBLS) - this scheme provides access to loans from £2,000 to £50,000.

Information on eligibility criteria and to join our BBLS list.

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

Benefits of a Starling CBILS

  • Lending from £50,001 up to £250,000 (OD up to £150,000)
  • Personalised approach, with all applications being reviewed and underwritten by our specialist UK based team
  • Competitive pricing based on your business circumstances

Size

Loan

£50,001 - £250,000

Overdraft

£50,001 - £150,000

Who can apply

Loan

Limited Companies and LLP

Overdraft

Limited Companies and LLP

Pricing

Loan

From 4% (EAR) depending on Business circumstances

Overdraft

10% or 15% (EAR Variable) depending on Business circumstances. Plus 1.5% annual fee (minimum of £50).

Payment Holiday (Subject to eligibility)

Loan

12 months Capital and Interest payment holiday

Overdraft

12 months Capital and Interest payment holiday

CBILS Facilities

Loan

Overdraft

Size

£50,001 - £250,000

£50,001 - £150,000

Who can apply

Limited Companies and LLP

Limited Companies and LLP

Pricing

From 4% (EAR) depending on Business circumstances

10% or 15% (EAR Variable) depending on Business circumstances. Plus 1.5% annual fee (minimum of £50).

Payment Holiday (Subject to eligibility)

12 months Capital and Interest payment holiday

12 months Capital and Interest payment holiday

For a CBILS loan with Starling, we require that you have been trading for at least 2 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.
    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 & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit british-business-bank.co.uk.

    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 2 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.
      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 & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit british-business-bank.co.uk.

      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.

      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.

      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 & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit british-business-bank.co.uk.

      British Business Bank

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