Withdrawals from our Access Accounts are slower than usual as we are no longer operating in normal market conditions as a result of Coronavirus. There is currently a queuing system in place, click here to find out more.
Withdrawals from our Access Accounts are slower than usual as we are no longer operating in normal market conditions as a result of Coronavirus. There is currently a queuing system in place, click here to find out more.

Coronavirus Business Interruption Loan Scheme (CBILS)

Register your interest for a CBILS loan between £250k to £5m and pay no fees or interest in the first 12 months

Register your interest

Assetz Capital specialise in providing real world lending to UK SMEs and we’re delighted to have been approved for accreditation by British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme.

We’re proud to be supporting British businesses navigate through these uncertain times by providing property-secured loans through this government-backed scheme.

We will be offering both commercial mortgage and development finance through CBILS with flexible loan structures to support individual requirements.

What is CBILS?

The Coronavirus Business Interruption Loan Scheme is designed to support UK SMEs that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak.

CBILS will cover the first 12 months of interest payments and fees, whilst providing a government-backed guarantee for lenders to encourage more lending.

The scheme enables more SMEs to access finance up to £5m without the additional pressure of upfront costs.

Who is eligible for CBILS?

You can apply for an Assetz Capital CBILS loan if you meet all the following criteria:

  • You are a UK-based business with annual turnover up to £45m
  • You have a viable borrowing proposal for us to consider
  • You can self-certify that you have been adversely impacted by the coronavirus (COVID-19)
  • You wish to borrow between £250,000 and £5 million for a term of up to 5 years
  • You require a Property Development Loan or Commercial Mortgage
  • You have not been classed as a “business in difficulty” on, or before 31 December 2019

Please note that other criteria apply.

How much can I borrow?

We offer CBILS property-secured loans between £250k to £5m with up to 5 years repayment terms.

When taking out a CBILS loan, the business is liable for the full loan amount. If the business is unable to repay, the scheme provides a partial guarantee to the lender, not to the business.

How do I apply for CBILS?

Following our announcement as an accredited CBILS lender, we’re currently finalising our application process. We hope to be in a position to accept both new and existing customer applications shortly. You can register your interest below and we’ll keep you updated when we’re open for new CBILS lending enquiries.

Register your interest

The Coronavirus Business Interruption Loan Scheme (CBILS) is 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 CBILS and the list of participating CBILS lenders can be found on the British Business Bank website at: www.british-business-bank.co.uk/CBILS

Register your interest

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Get in touch:

0800 470 0430

9am-5:30pm Monday-Friday

Assetz Capital, Assetz House,
Manchester Green, 335 Styal Road,
Manchester, M22 5LW

© 2019 Copyright Assetz SME Capital Limited.

As with most forms of investment, peer-to-peer lending carries a degree of risk to your capital; in this case, if the borrower is unable to repay their loan. At Assetz Capital, we seek to reduce this risk to our investors by taking asset security on every loan. Investment Account target interest rates should be considered along with the relevant Investment Account expected defaults & losses information. Past performance does not guarantee future performance. Investment in peer-to-peer loans is not protected by the Financial Services Compensation Scheme. We recommend that prospective lenders read the Key Investor Information pages before investing.

Assetz SME Capital Limited is a company registered in England and Wales with company number 08007287. Assetz SME Capital Ltd is authorised and regulated by the Financial Conduct Authority (Reg No: 724996). ’Assetz Capital’ is a trading name of Assetz SME Capital Ltd. Assetz SME Capital is registered with the Office of the Information Commissioner (Reg No: Z3338899) for data protection purposes.

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