Coronavirus support for businesses
If you are concerned about coronavirus and the impact it is having on your business we’re here to help.
Get advice as a business, employer or employee
The Chancellor has previously set out a package of temporary, timely and targeted measures to support public services, people and businesses. You can find the most up to date information on all support options available on the UK Government’s website:
Government guidance and support for businesses
The Government and Federation of Small Businesses have published guidance and articles to support businesses, employers and employees:
FSB advice about coronavirus for small businesses and FSB customers
Government advice about coronavirus for employees, employers and businesses
Support tools
The Government has launched a coronavirus business support finder tool – to help businesses and self-employed people quickly and easily determine what financial support is available to them. The tool asks business owners to fill out a simple questionnaire, which only takes minutes to complete. It will then provide a list of all the financial support they may be eligible for.
Bounce Back Loan Scheme
The deadline for applying for a BBLS loan was 31 March 2021. Therefore, the scheme is now closed to new applications.
Coronavirus Business Interruption Loan Scheme
The deadline for applying for a CBILS loan or overdraft was 31 March 2021. Therefore, the scheme is now closed to new applications.
Coronavirus Large Business Interruption Loan Scheme
The deadline for applying for CLBILS was 31 March 2021. Therefore, the scheme is now closed to new applications.
If you already have a CLBILS loan and have any queries please contact your relationship manager.
Pay as You Grow
The Government has announced Pay As You Grow options for Bounce Back Loan borrowers to help businesses get back to regular trading. Pay As You Grow could give you more time and flexibility to pay back your loan.
Other lending options
There are lending products available from us such as overdrafts, loans, credit or charge cards. We can look at temporary increases or requests to pause or reduce current payment obligations, and will take a flexible approach, based on your individual circumstances.
Financial Difficulty
At this difficult time, it's important that you know you're not alone. If you need any guidance or support regarding your finances we're here to support you.
Accessing your account
You can access your account via online banking, from which you can:
- Check your balances
- View your statement information
- Make payments to another person or company
- Transfer money between your Co-operative Bank business accounts.
If you aren't yet registered for online banking you can easily do this by completing our registration form to be emailed in.
Alternatively you can contact us by phone or visit one of our branches.
Fraud awareness
Keeping your money safe is one of our top priorities. Opportunistic fraudsters are continuing to use Coronavirus to scam businesses out of banking details and business information.
We will continue to raise awareness of common fraud scams and threats, and are committed to working with the wider industry on initiatives such as Take Five.
Staying safe online
Keeping your information secure and confidential is crucial to us. Find out how we keep your money safe and what you can do to protect yourself when banking online.