GCBF is proud to be an accredited provider of Coronavirus Business Interruption Loan Scheme (CBILS)

About 

GC Business Finance is proud to be a partner of Coronavirus Business Interruption Loan Scheme (CBILS). This is an unprecedented time and we appreciate business owners may be concerned about the challenges and impact COVID19 may bring. GCBF are here to support SMEs with a quick and responsible approach to finance.

CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

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GCBF can support NW based businesses with loans of £50,001 - £250,000 *subject to eligibility. 

CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance.

Please note:

  • This scheme is just one of a number of measures announced by Government and you can find full details of the temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19 here
  • FAQs about CBILS can be found here.
  • You gain access to lending via this scheme but you, the borrower, remain responsible for repayment of 100% of the outstanding facility.
  • We will be updating this page regularly.

Eligibility 

To help us to make sure you're eligible, please ensure you can say yes to the below criteria before applying: 

Greater Manchester Businesses 

North West Businesses 

Looking to borrow between £50,001 and £250,000 Looking to borrow between £50,001 and £100,000
You do not have had to be declined by the bank You have been declined by the bank 
Your business is B2B, B2C or a social enterprise, the only sectors not supportable are banking and insurance companies and those described under Regulation EU 1301/2013 article 3 Your business is B2B or B2C, the only sectors not supportable are banking and insurance companies and those described under Regulation EU 1301/2013 article 3.
 Your business is based in Greater Manchester  Your business is based in the North West
 Your application must be for business purposes  Your application must be for business purposes
 You must be a UK-based SME with annual turnover of up to £45m  You must be a UK-based SME with annual turnover of up to £45m
 Your business must generate more than 50% of its turnover from trading activity  Your business must generate more than 50% of its turnover from trading activity
 Your CBILS-backed facility will primarily be used to support trading in the UK  Your CBILS-backed facility will primarily be used to support trading in the UK
You wish to borrow up to a maximum of £250,000. (Finance terms are up to five years for term loans) You wish to borrow up to a maximum of £100,000. (Finance terms are up to five years for term loans)


For businesses who do not meet the above criteria you can see a full list of CBILS providers here and the latest government support here.

We are also still actively supporting businesses looking to grow or start up during the Coronavirus outbreak, you can find out more here.

How to Apply 

GC Business Finance are currently working to ensure demand for CBILS is met with a quick and easy approach for businesses wishing to access the loans.

We have updated our application form, our team will respond within 2 working days. 

For FAQs please click here.

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