The Coronavirus Business Interruption Loan Scheme (CBILS) is now closed to new applications. If you applied before 23.59 on 31 March 2021 we will review your application.
I have already applied for a CBILS loan, will my application be considered?
Yes - if you made an application before the deadline of 23:59 on 31 March 2021 we will consider your application and will be in touch with you in the coming days.
Are there any other lending options?
A new lending scheme, the Recovery Loan Scheme (RLS), was announced by the Government in the Budget on 3 March 2021. The Scheme, which will open on 6 April 2021, aims to support businesses affected by Covid-19 as they recover and grow following the pandemic. RLS supports a maximum facility size of up to £10m with minimum facility sizes starting at £1,000 for Invoice and Asset Finance and £25,001 for Term Loans and Overdrafts. Further information can be found on the British Business Bank website.
Starling is in discussions with the BBB to offer Recovery Loan Scheme loans.
Where can I go for help if I have worries about my ability to repay?
Please visit our money worries page. The best thing you can do is get in touch with us.