Hampshire Trust Bank (HTB)

Important CBILS update

The Coronavirus Business Interruption Loan Scheme (CBILS) is now closed to new applications.

Please note, applications received by 23.59 on 31 March 2021 can still be processed through to 31 May 2021.

If you have a query about CBILS, or wish to discuss an outstanding application, please contact your usual HTB contact or contact us via the button below.

Recovery Loan Scheme

A new debt finance programme, the Recovery Loan Scheme (RLS), was announced by the Government in the Budget on 3 March 2021.

The new 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.

What is the Coronavirus Business Interruption Loan Scheme (CIBLS)?

The Coronavirus Business Interruption Loan Scheme (CBILS), delivered through British Business Bank accredited lenders and partners, is designed to support the continued provision of fnance to UK smaller businesses (SMEs) during the Covid-19 outbreak.

The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashfow.

It supports a wide range of business fnance products, including term loans, overdrafts, invoice fnance and asset fnance facilities. Please note that for term loans and overdrafts, the minimum amount a lender can ofer under CBILS is £50,001.

To discuss your CBIL requirements, contact us on 020 7862 6262 or alternatively email us. We are open 9am to 5pm Monday to Friday, excluding bank holidays