CBILS Eligibility Checker

Evoke Management Coronavirus Business Interruption Loan Scheme (CBILS) Eligibility Checker.

 

ABOUT THE SCHEME

The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.

The scheme is a part of a wider package of government support for UK businesses and employees.

CBILS has been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access the funding they need.

Importantly, access to the scheme has been opened up to those smaller businesses that would have previously met the requirements for a commercial facility but would not have been eligible for CBILS. Insufficient security is no longer a condition to access the scheme.

This significantly increases the number of businesses eligible for the scheme.

The Process –

  1. Click the link below to access the Eligibility Checking Tool
  2. Complete the simple details on the form – there’s no credit check at this stage
  3. Receive an immediate response by email confirming whether your businesses is eligible for a CBILS loan
  4. If your busines is eligible, you will also receive an email with a full application form to complete
  5. The completed application will be checked for likelihood of success before being passed to Funding Circle for final approval. Credit checks will be made at this stage on the business, Directors and key shareholders.

 

 

 

CLICK HERE TO ACCESS THE ELIGIBILITY CHECKING TOOL

 

NOTES

    • Loans are available, subject to status, for amounts ranging from £50,001 – £250,000
    • Rates range from 1.4% – 8.9%
    • Repayment periods are from 2 – 5 years
    • There are no repayments or interest charged for the first 12 months

 

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