Aura Finance and West One Development Finance (subsidiaries of West One Loan Ltd) are working collaboratively with the Government-owned British Business Bank to offer businesses term loan facilities from £50,001 to £5,000,000 through the Coronavirus Business Interruption Loan Scheme (CBILS).
CBILS with Aura Finance and West One Development Finance.
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 & 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.
To find out more about the CBILS with Aura Finance and West One Development Finance, please explore the Frequently Asked Questions below or submit the short enquiry form at the top of this page.
The Coronavirus Business Interruption Loan Scheme (CBILS), delivered through British Business Bank accredited lenders and partners, is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities. Please note that for term loans and overdrafts, the minimum amount a lender can offer under CBILS is £50,001. We have been accredited to provide term loans through the Scheme.
Smaller businesses from all sectors* can apply for the full amount of the facility. To be eligible for a facility under CBILS, a smaller business must:
To be eligible for an Aura Finance Loans facility under CBILS, a smaller business must:
*The following are not eligible under CBILS: Banks, Insurers and Reinsurers (but not insurance brokers); public sector bodies, and state-funded primary and secondary schools.