Barclays COVID Business Loan

Update from Barclays on their Coronavirus Business Interruption Loan Scheme (CBILS)



The key features of the Barclays business loans are

·  Loans are available for £25,001 up to £5m.

·  £25,001 - £100,000 - Secured by short form guarantee

·  £100,001 - £250,000 - Secured by short form guarantee and debenture

· £250,001+ Personal guarantee, debenture and tangible security

·  Loan Tenor - 1 - 6 years

·  No arrangement fee

·  No interest payments for 12 months