CBILS Overdraft

If you need lending support during the Coronavirus outbreak we're helping business customers by offering overdrafts through the Coronavirus Business Interruption Loan Scheme (CBILS). CBILS helps customers with an overdraft facility whereby they don’t need to pay any interest and arrangement fees for the first 12 months.

The CBILS overdraft is available to existing Co-operative Bank Business customers only, with the options to borrow between £50,001 to £5million, subject to annual review.

CBIL Scheme exclusions

All sectors can apply excluding:

  • Banks, insurers and reinsurers (but not insurance brokers)
  • Public-sector bodies
  • Further-education establishments, if they are grant-funded
  • State-funded primary and secondary schools
  • Pension schemes

A full list of eligible and excluded sectors can be found here:

Ineligible and Restricted Eligibility Sector list

Product features

  • Apply to borrow between £50,001 and £5 million
  • For CBILS overdrafts, you will not have to pay any arrangement fees or interest charges for the first 12 months.
  • After the first 12 months, you will be liable for any interest or fees. You will remain liable for repayment of 100% of the borrowing.
  • Overdrafts may be offered on an unsecured or secured basis (there may be additional valuation and/or legal fees where security is required).
  • Arranged overdraft interest rates are variable and are calculated using the Bank of England Base Rate plus the appropriate interest margin
    • In some cases this will be determined by the financial status of your business


The amount you’re requesting must be within at least one of the following thresholds. As part of your application, you will be asked to tell us which threshold your proposed borrowing is within, and you'll be required to provide any documentation you have to evidence this:

  • Double the annual wages bill of the business (including social charges as well as the cost of personnel working on the business’ site but formally in the payroll of subcontractors) for 2019, or the last year available. If the business was established on or after 1 January 2019, the business will need to provide an estimated annual wage bill for the first year of its operation;
  • 25% of the turnover of the business in 2019; or
  • the cash flow needs of the business from the moment the facility is granted for the coming 18 months (or for the coming 12 months, if the business has more than 250 employees). The business cash flow plan may include both working capital and investment costs.

To apply, you and the key parties must meet the following criteria

Our lending criteria

  • Be 18 years or over
  • Be a UK resident
  • Be an account signatory with authority to borrow on behalf of the business
  • Hold a business current account with The Co-operative Bank
  • Require the lending for business use
  • Your business aligns to our Ethical Policy.

CBILS eligibility criteria

  • Able to self-certify that your business has been impacted by the coronavirus (COVID-19)
  • Be a UK-based business, with a total annual group turnover of no more than £45 million
  • Looking for business funding ranging from £50,001 up to £5million
  • Your business must generate more than 50% of its turnover from trading activity
  • You're able to confirm that your business generates more than 50% of its turnover from trading activity (Further Education establishments and registered charities are exempt)
  • Business not subject to collections or collective insolvency proceedings – this is part of The Co-operative Bank’s eligibility criteria.

Your application is subject to status and based on an assessment of your financial circumstances.

We aim to give you a decision within 10 business days of all the information being received. Occasionally, we may require additional information depending upon your circumstances.

Please read the important documents below, and save copies of them for future reference.

If you don't meet the CBILS eligibility you may still be able to apply for our usual range of lending.

Visit our lending hub

How to apply

To apply you need to complete and return:

  • the CBILS Data Protection and Disclosure Declaration
  • the CBILS Overdraft form
  • and the Assets and Liabilities form

CBIL Data Protection and Disclosure Declaration

Download CBIL Data Protection and Disclosure Declaration PDF

Important documents

You must read the important documents below and save a copy for future reference

CBILS pre-application information

Download CBILS pre-application information PDF

Standards of Lending Practice

Download Standards of Lending Practice PDF

How we use your personal information

Download How we use your personal information PDF

Once you have completed all sections of the relevant form(s) and signed the CBILS Data Protections and Disclosure Declaration please email to: rm.applications@co-operativebank.co.uk

This email address is to pick up lending requests only. Any emails received that do not contain a lending request, we will unfortunately be unable to respond to.

If you would prefer not to send your personal information by email, you have the option to post your application to us at:

Lending Services

The Co-operative Bank p.l.c

P.O. Box 200



If you do post your application, we’ll process it within 10 days of it reaching us.


Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit british-business-bank.co.uk

Full details on CBILS eligibility criteria and the list of participating CBILS lenders can be found on the British Business Bank website.

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If you'd like more help & information, you can: