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
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.