Log in to Personal Banking Skip to content
  1. Home
  2. News
  3. 2020
  4. Bounce Back Loan Scheme (BBLS) and Coron...

Bounce Back Loan Scheme (BBLS) and Coronavirus Business Interruption Loan Scheme (CBILS)

07 May 2020

We are ready to help you manage your cash flow with a range of options available.

We are now open for BBLS and CBILS applications from our existing business customers affected by coronavirus

We’re now able to access government-backed lending facilities, designed to support UK businesses that are losing revenue and seeing their cash flow disrupted as a result of the coronavirus outbreak.

We can accept loan applications between £2,000 and £50,000 through the Bounce Back Loan Scheme (BBLS) and overdraft and loan applications between £50,001 and £5,000,000 through the Coronavirus Business Interruption Loan Scheme (CBILS), subject to meeting the schemes’ eligibility and our own lending criteria detailed below. Your application is subject to status and eligibility. T&Cs apply.

The schemes are a part of a wider package of government support for UK businesses and employees. Read more at the government's British Business Bank website.

BBLS and CBILS eligibility criteria

If you’re not in the sector exclusion list below and can answer yes to the eligibility questions, you may be eligible for either the BBL or CBIL government Schemes. You cannot apply for both.

All sectors can apply excluding:

  • Banks, insurers and reinsurers (but not insurance brokers)
  • Public-sector bodies
  • State-funded primary and schools

Charities and Further Education establishments (including sixth form colleges and vocational training establishments) are eligible if they satisfy the eligibility criteria of the schemes.

If you can answer yes to these questions you may be eligible for the relevant scheme depending upon your business entity, the amount and lending facility you require.

Bounce Back Loan Scheme (BBLS) eligibility criteria questions:Business Interruption Loan Scheme (CBILS) eligibility criteria questions:
  • Are you looking for business funding ranging from £2,000 to £50,000 via a loan facility?
  • You’re a UK resident with a business or registered charity based in the UK.
  • Your business was established before 1 March 2020.
  • Are you able to self-certify that your business has been adversely impacted by the coronavirus?
  • Confirm you’re not currently using a government-backed coronavirus loan scheme (unless using BBLS to refinance a whole facility).
  • Confirm you’re not in bankruptcy, liquidation or undergoing debt restructuring.
  • Are you looking for business funding ranging from £50,001 to £5 million via a loan or overdraft facility?
  • Are you a UK resident with a UK-based business, with a total annual group turnover of no more than £45 million?
  • Your business must generate more than 50% of its turnover from trading activity (Further Education establishments and registered charities are exempt).
  • Are you able to self-certify that your business has been impacted by the coronavirus?
  • Your business would not have been classed as a "business in difficulty" on 31 December 2019.

Your business is not subject to collections or collective insolvency proceedings? (This is part of The Bank's eligibility criteria)

All lending is subject to status and eligibility, T&Cs apply.

For full details on both the BBL and CBIL Schemes, including in-depth FAQs and the list of accredited lenders, please see www.british-business-bank.co.uk

How to apply for the BBL and CBIL Schemes

  • If you’re an existing business current account customer and you’ve been impacted by coronavirus, you’ll be our top priority.
  • If you're a personal current account customer, you are eligible to apply under the BBL Scheme, however you must apply for a business current account first.
  • For any business that’s losing revenue and seeing cash flow disrupted due to the outbreak, we’re here to help, but we’ll be prioritising applications from our existing customers first.

Support for new customers

You may still be able to access more support by contacting your existing bank. If they can't help, then you can review a full list of CBILS accredited banking providers here and BBLS accredited providers here.

How to apply in 3 steps:

  1. Check you are eligible for the relevant scheme (using the eligibility criteria above) and that you hold a business current account with us and your business activity aligns to our Ethical Policy.
  2. Apply for the lending product you require:
  3. We will assess your application and decide whether to offer you finance.

Note: You must be an account signatory with authority to borrow on behalf of the business to submit a request for a Bounce Bank Loan, CBILS Loan or Overdraft. Your application is subject to status and eligibility. T&Cs apply.

If you have a Relationship Manager, please speak to them direct to discuss your lending requirements. They are here to help support you with the application process and you can email your application form direct to them.

Contacting our relationship managers

Protecting you from fraud and scams

We may contact you about your BBLS or CBILS request, by phone, letter or email. To protect yourself from scams, it’s important that you remember the following advice;

The Bank, police or any other trusted organisations will never contact you out of the blue by phone, email or text message and then ask you to:

  • Download an app or software on to your device and then ask you to log in to your online banking or tell them your online banking verification codes.
  • Move your money to a new or ‘safe’ account, or ask you to help with an investigation.
  • Ask you for your card details or bank security information in full. If we do contact you by email, we will not include any links or attachments within the email asking you to complete more information.

If we do contact you by email, we will not include any links or attachments within the email asking you to complete more information.

Business Interruption Loan Payment

  • As part of your CBILS Supported Facility, you will be offered a Business Interruption Loan Payment (BIP).
  • The BIP is an offer by the UK Government to you to cover payments of the interest and any other fees The Co-operative Bank charge, associated with the granting and maintenance of the CBILS Facility for a period of 12 months (the “BIP Period”).
  • We will provide you with a BIP offer letter explaining the terms of the offer and if you decide to accept this then the UK Government will pay directly to The Co-operative Bank the interest and fee amounts payable in respect of your CBILS Supported Facility for a period of 12 months (but this will not include any default interest if that becomes payable).
  • We will also provide you with a written estimate of the BIP by email at the time the CBILS Supported Facility is offered to you.
  • No fee is payable by you to The Co-operative Bank or to the UK Government in relation to the provision of the CBILS Guarantee of your loan under the CBIL Scheme.

What if I’m not successful with my BBLS or CBILS application?

If you’re unsuccessful, then you can approach another BBLS or CBILS accredited lender who may be able to help. You can find more information on the British Business Bank website.

What if I’m not eligible for BBLS or CBILS?

The two schemes are part of a number of measures announced by the UK government. You can find further details of the temporary, timely and targeted measures to support public services, people and businesses through this period of disruption on the GOV.UK website.

You can check what other financial support may be available to you from the government by completing this simple online questionnaire. It takes a few minutes to complete and you’ll be provided with a list of all the financial support you may be eligible for.

The Bounce Bank Loan Scheme (BBLS) and Coronavirus Business Interruption Loan Schemes (CBILS) are 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 (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details on BBLS or CBILS and the list of participating lenders can be found on the British Business Bank website: www.british-business-bank.co.uk

Our usual range of lending options

Please note that outside of and separately from the BBL and CBIL schemes, we are also able to help customers through our usual range of lending options (loans, overdrafts and charge cards) to support you and your business through these challenging times and to provide additional help. We have also committed to:

  • Providing loan facilities, with capital repayment holidays where appropriate, and overdrafts.
  • Waiving overdraft and loan arrangement fees for our usual lending products until further notice specifically for those key business sectors that are directly impacted by the coronavirus.

in order to support working capital and cash flow requirements (subject to status and eligibility). T&Cs apply.

The Co-operative Bank will aim to offer the right outcome based on our customer needs and lending criteria. Find out more about our range of lending.

Contact us

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

Chat to us via live chat