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

Apply now

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

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

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?

Yes

Your business

Starling account numberWhat is your email address?What is your company number? (We are only accepting CBILS loan applications for limited companies and LLPs.)Mobile numberNumber of full-time employees (excluding directors)

Which bank is your primary bank account?

Starling Bank

Elsewhere

What has the turnover been for your business in the last 12 months?

About you

What is your first name?What is your last name?What is your date of birth?What is your business name?Mobile numberWhat is your email address?What is your company number? (We are only accepting CBILS loan applications for limited companies and LLPs.)What does your business do (i.e. what is the nature of your business activity)? Number of full-time employees (excluding directors)Turnover (last filed accounts or last financial year)

Your borrowing request

Has your business suffered as a result of the Coronavirus?Can you show that your business could have afforded this lending before the Coronavirus?Does your business generate more than half of its turnover from trading activities, meaning the selling of goods or the provision of services?Is your business based in the UK?Will the loan primarily be used to support trading in the UK?Has your company been continuously trading for at least two years?If your business has fewer than 50 employees and an annual turnover or balance sheet total of less than £9 million: is your business subject to insolvency proceedings or in receipt of rescue aid (which has not been repaid) or restructuring aid (and are still subject to a restructuring plan)? Otherwise: was your business in difficulty on 31st December 2019?How much do you want to borrow? We can offer unsecured business loans between £50,001 and £250,000 to eligible businesses.Please give us a few details about how your business has been impacted by coronavirus.Please tell us what the loan will be used for and how it will support your business activity or growthHow long would you like to pay the loan back?

Your current business borrowing

Do you have any existing business loans?

What is the outstanding balance?

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

Yes

Has the business taken on new debt in the past 12 months? This includes (but isn’t limited to): hire purchase or lease agreements, factoring/invoice discounting, loans and overdrafts.

How much has been borrowed?

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?

Yes

Your business

Starling account numberWhat is your email address?What is your company number?Mobile numberNumber of full-time employees (excluding directors)

Which bank is your primary bank account?

Starling Bank

Elsewhere

What has the turnover been for your business in the last 12 months?

About you

What is your first name?What is your last name?What is your date of birth?What is your business name?Mobile numberWhat is your email address?What is your company number?What does your business do (i.e. what is the nature of your business activity)? Number of full-time employees (excluding directors)Turnover (last filed accounts or last financial year)

your Borrowing Request

Has your business suffered as a result of the Coronavirus?Can you show that your business could have afforded this lending before the Coronavirus?Does your business generate more than half of its turnover from trading activities, meaning the selling of goods or the provision of services?Is your business based in the UK?Will the loan primarily be used to support trading in the UK?Has your company been continuously trading for at least two years?If your business has fewer than 50 employees and an annual turnover or balance sheet total of less than £9 million: is your business subject to insolvency proceedings or in receipt of rescue aid (which has not been repaid) or restructuring aid (and are still subject to a restructuring plan)? Otherwise: was your business in difficulty on 31st December 2019?How much do you want to borrow? We can offer business overdrafts between £50,001 and £150,000 to eligible businesses.Please give us a few details about how your business has been impacted by coronavirus.Please tell us what the overdraft will be used for and how it will support your business activity or growth.

your Current Business Borrowing

Do you have an existing business overdraft?

What is the overdraft limit?What is the current usage?

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

Yes

Has the business taken on new debt in the past 12 months? This includes (but isn’t limited to): hire purchase or lease agreements, factoring/invoice discounting, loans and overdrafts.

How much has been borrowed?

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.

Help

How to get started