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Are you eligible?

Please note that we only provide CBILS-backed Invoice Finance facilities – we do not offer CBILS Term Loan facilities.

You could be eligible for CBILS Invoice Finance if:

  • Your customers are other businesses, not individual consumers (B2B only, not B2C or retail)
  • You send invoices to your business customers in arrears
  • You give your customers credit terms
  • Your business is UK-based

If you do not meet these eligibility criteria, please click here.

If you are already a BFS client, please contact your Relationship Manager to enquire about CBILS.

Complete a CBILS enquiry form

How to access a CBILS Invoice Finance facility

Bibby Survey

Contact us

Complete our short CBILS enquiry form

Bibby Onboarding

Tell us your business funding needs

Our expert advisers will check your eligibility and contact you to discuss how we can support your business

Bibby Ongoing Support

Get access to your funding

A CBILS Invoice Finance facility will be quickly set-up for eligible applicants


British Business Bank logo

What is CBILS?

CBILS has been created to support UK SMEs that are financially impacted by the Covid-19 outbreak.

The British Business Bank operates CBILS via accredited lenders, including Bibby Financial Services (BFS), banks and other approved funders. CBILS gives these lenders a Government-backed guarantee to facilitate more funding.

BFS offers CBILS funding through a top-up to the Invoice Finance facility. BFS does not offer Term Loans like some other CBILS accredited funders. BFS does not offer CBILS as a standalone product – it can only be accessed through an Invoice Finance facility. Read our CBILS FAQs for more information.

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). 

 

New to Invoice Finance? Download our guide

How a CBILS Invoice Finance facility will benefit your business

The main attraction of taking out a CBILS facility is that you will be able to access additional funding, without incurring additional costs. This is the same for both our existing and new clients.

Benefits include:

  • Increases the total amount of funding you can access - topping up your invoice finance facility with your CBILS invoice finance facility
  • Reduces your cost of funding - no fees payable for the top-up element in the first year with these costs covered by the Government's Business Interruption Payment
  • Gain peace of mind - the additional funding capacity is provided for the duration of the CBILS Invoice Finance facility - not just during the Covid-19 pandemic
  • No need to provide personal guarantees - against the additional funding for a CBILS facility up to £250,000

Contact us for more information.

 



Frequently asked questions

  • I am new to Invoice Finance, where can I find more information on whether it is suitable for me?

Read more about Invoice Finance or contact us. It is important to understand whether your business meets the eligibility criteria for Invoice Finance as otherwise we will be unable to support.

  • Can I get a term loan from BFS?

No. We offer CBILS through a top-up to the Invoice Finance facility. If you require a term loan please visit the British Business Bank’s website to find other accredited funders.

  • Do I have to apply to the British Business Bank?

No. We will handle you application end-to-end. Any paperwork required by the British Business Bank will be processed by us.

  • I'm an existing client, can I apply for CBILS?

Yes. You can apply for a CBILS Invoice Finance top-up, which will provide you with additional funding.

  • I'm an existing client, will I have two facilities with BFS?

No. You will have one Invoice Finance facility, however we will provide you with separate information on your CBILS Invoice Finance top-up.

  • How long does the application take?

Your facility can be in place in a matter of days, however this will depend on the speed in which we can access the information we need to support your application.

  • Do I need to provide a Personal Guarantee?

Not if your CBILS top-up is under £250,000. Additional security might be required over this level.  To secure you main facility with BFS you may be required to provide some Personal Guarantee as per our normal credit assessment criteria – however, this will be made clear to you during the application process.

  • What fees will be free for 12 months?

You will not pay fees on the CBILS elements of your funding, including service fee, discount fee, any set-up fee or any additional services.

  • Can I repay my CBILS facility early?

Yes - and without any early repayment fees. However, your main facility will have a contract term which you must fulfil.

  • What if I have been rejected for CBILS by BFS?

You have the right to seek clarity from the British Business Bank. However, it is at the individual funder’s discretion if they feel you qualify for a CBILS facility.

  • Can I transfer my CBILS facility from another provider?

No.  The CBILS facilities cannot be transferred to BFS from a previous funder or transferred to a new funder should you decide to leave.

  • Where can I get more information on CBILS?

For the most up to date information on CBILS, please visit the British Business Bank website.


For the past 20 years, BFS’ approach to funding has been consistent, honest, practical, timely and fully understanding of the commercial realities and challenges that businesses face. The lines of communication are excellent and response times to requests are without fault. Their support has been a lifeline to our business – through the good times and bad. Barry Tucker, Finance Director, TM Steels Ltd

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Experts in business finance

We have been supporting SMEs since 1982 and today we support more than 12,000 businesses worldwide. We manage annual client turnover of £10.1 billion globally and our total funding capability exceeds £1 billion.

We are proud to help businesses, both big and small to grow and thrive in domestic and international markets and we have built a reputation for consistently delivering excellent service to our clients.

We provide funding for businesses of all sizes across a wide range of sectors. Take a look at our range of funding solutions.


Learn more about us