Coronavirus Business Interruption Loan Scheme

Supporting your business during the COVID-19 outbreak

As an accredited lender of the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS), we are here to support our business customers who need immediate financial support for loans above £50,000. Unfortunately we are unable to offer the Bounce Back Loan Scheme (BBLS) - for loans under £50,000, please see the British Business Bank's BBLS accredited lenders.

We are being inundated with requests for assistance and our teams are working hard to process as many of these as possible. To be eligible for the Coronavirus Business Interruptions Loan Scheme, your business will need to meet the standard criteria set by the British Business Bank, as well as Hitachi Capital (UK) PLC’s eligibility criteria. 

Check if my business is eligible under CBILS

If you are an existing Hitachi Capital business customer and are eligible for the Coronavirus Business Interruption Loan Scheme, please contact the finance introducer who helped to set up your current agreement and they will be able to assist you.

We’re aware that the landscape is continuously changing and if you would like to register your interest, please complete the form below and we’ll get back to you if we can offer a solution for your business in the future. In the meantime you may wish to see the British Business Bank's other CBILS Accredited Lenders.


What is CBILS?

CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cash flow. The scheme provides the lender with a government-backed guarantee potentially enabling a 'no' credit decision from a lender to become a 'yes'. 

Please be aware that this is a government backed guarantee scheme. The borrower always remains 100% liable for the debt.

The Scheme

The Coronavirus Interruption Loan is managed by the British Business Bank on behalf of, and with the financial backing of, The Secretary of State for Business, Energy and Industrial Strategy.

 

 

 

A full outline of the scheme can be found on the British Business Bank website, along with FAQ's for customers.


Is your business eligible? 

We are trying to help as many businesses as possible get the funding they require. We'll be able to assess your application for the British Business Bank's Coronavirus Business Interruption Loan Scheme if you match the minimum eligibility criteria below.

To meet the British Business Bank's CBILS criteria, your business should:

      • Be UK-based in their business activity
      • Have an annual turnover of no more than £45 million
      • Have a borrowing proposal which the lender would consider viable, were it not for the current pandemic
      • Self-certify that it has been adversely impacted by the coronavirus (COVID-19).

To meet our Hitachi Capital Business Finance underwriting criteria, businesses need to:

      • Be an existing Hitachi Capital (UK) PLC business customer with an active agreement, or one that has ended within the last 12 months
      • Have been trading for a minimum of 3 years
      • Be profit making for the last 3 years
      • Not request an amount that exceeds 25% of the total turnover in 2019
      • Have been impacted by COVID-19 to qualify

  • Need to get in touch?

    If you are an existing eligible Hitachi Capital business customer interested in the Coronavirus Business Interruption Loan Scheme, please contact the finance introducer who helped to set up your current agreement or complete the contact form. Please note you will require your existing Hitachi Capital agreement number.

    If you do not have an existing agreement with us and are interested in the scheme, please register your details and we’ll get back to you if we can offer a solution for your business in the future. In the meantime, please see a list of CBILS accredited lenders here.

    If you are a Franchise Finance customer, please contact fundingteam@franchisefinance.co.uk

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