Coronavirus Business Interruption Loan Scheme (CBILS)

Haydock Finance is accredited for the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS) within Asset Finance and we are here to support your SME customers.

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 Broker Relationship Manager in the usual way.

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.

Privacy Notice Update:

On 15th March 2021, the British Business Bank updated their privacy notice. To find out more about this change please click on the link below.

Borrower Communication 

CBILS Case Studies

See how CBILS Hire Purchase and Refinance has helped these businesses release the cash that they needed…

£1 Million CBILS Refinance Fuels Expansion Plans

We received a proposal from broker partner Midlands Asset Finance to assist a bulk excavator/contracting firm with their development plans during the pandemic.

Plugging £680k into the Future of Taxis

We were contacted by broker partner Beechwood Finance with an opportunity to finance 14 electric cabs to help a London based cab company build their innovative fleet.