A flexible facility backed by your invoices
With our CBILS revolving credit facility you can get an advance against your outstanding invoices and say goodbye to those gaps in cash flow. Smart, seamless, straightforward.
Here's how we're different
Quick response
Receive funds in as little as 24 hours
Smart solutions
Choose from pay-as-you-go or subscription
Flexible funding
Facilities from £50,001 up to £5 million
Help when you need it
Online account management, with a real person at the end of the phone to help
COST
WHAT YOU PAY
With a CBILS revolving credit facility, the first 12 months are free. During this time, the UK government covers:
- The service/subscription fees
- Listing fees
- Interest payments
Please note that the government won’t cover any additional fees - for example, the fee you might pay in the case of a default. The principal amount must be paid off by you but there are no charges for early repayment.
After 12 months, our monthly interest rates range between 0.55-2.50%.
How CBILS Revolving Credit Facility works
in 4 simple steps
Application
Upload
Verification
Funding
ELIGIBILITY CRITERIA
YOU CAN USE CBILS REVOLVING CREDIT FACILITY IF...
- You’re a Limited company or LLP registered in the UK
- You sell goods or services to other businesses (B2B)
- Your turnover is between £100k and £45 million
- Your company’s directors / primary shareholders live in the UK
- Your applying director is a UK homeowner
- Neither the company nor any of its directors are currently facing any insolvency or bankruptcy procedures
- The company doesn’t have any unpaid CCJs worth more than £2,000
- Your application would’ve been viable (based on our normal eligibility criteria) if there wasn’t a coronavirus pandemic
The company has been impacted by the coronavirus pandemic in some way
*T&Cs apply
