Government-backed business loans

Apply for a government-backed loan worth up to £150,000 under the Coronavirus Business Interruption Loan Scheme to help your small business through challenging conditions. See if you qualify for a government-backed business loan – click below to check your eligibility now.

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What are government-backed business loans?

To support you as a small business owner in these uncertain times, you can now apply for government funding for small businesses through the Coronavirus Business Interruption Loan Scheme (CBILS) from Liberis. We understand how essential small businesses are to the UK economy – so it’s important that you get the help you need. And we’re approved by the British Business Bank to make sure that happens.

You can apply to Liberis for a government loan worth between £50,001 and £150,000 over a 12 or 24-month period. Under CBILS, the government covers interest charges and fees for the first 12 months of the loan period**. And you will benefit from a 3-month payment holiday too. After that, fixed monthly repayments are made via your card takings as your customers pay you.

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Borrow up to £150,000

  • Apply for a fixed-term government loan worth £50,001 - £150,000 through CBILS

  • 12 or 24-month loan terms available

No fees for 12 months*

  • The cost of your government-backed loan will be covered for the first 12 months**

  • Nothing to pay during the first 3 months

  • Pay back as customers pay you through a fixed proportion of your card transactions

Trusted finance provider

  • We've provided nearly £500m to more than 15,000 small businesses since 2007 

  • 9/10 of our customers actively recommend us to others

  • We are rated as ‘Excellent’ on Trustpilot 

CBILS: 12-month government loan

  • Borrow between £50,001 - £150,000
  • 3-month payment holiday
  • Cost of finance covered by the government**
  • 13% monthly minimum payments 
  • 9.9% fixed fee (up to 100% of this fee is covered by the government*)
  • The maximum loan amount you can apply for is approximately 1.2x your average monthly card takings 
  • To be eligible your average month card taking volumes during a normal trading month will need to be above £42,000
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CBILS: 24-month government loan

  • Borrow between £50,001 - £150,000
  • 3 month payment holiday
  • 6% monthly minimum payments
  • First 12 months cost of finance covered by the government**
  • 17% fixed fee.
  • The maximum loan amount you can apply for is approximately 2.5x your average monthly card takings
  • To be eligible your average month card taking volumes during a normal trading month will need to be above £20,001
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How to apply for a government-backed loan from Liberis

At Liberis, our aim is to provide you with fast, flexible finance from CBILS to help you meet and see through these uncertain times. So, if you’re approved, we’ll transfer your government-backed loan as soon as we can. Applying is easy too – here’s how:  

Check your eligibility

To see if you can get a government small business loan, use our eligibility checker and tell us more about you.

Apply online

After checking that you're eligible, complete our quick and easy online CBILS application. 

Get a decision

We're working as hard as we can to ensure you're not kept waiting for a decision on your application.

Receive your funds

Once you get the green light, your government-backed loan will be sent to your account as fast as possible.

Liberis is an accredited provider of government-backed business loans through CBILS

We’re accredited under the Coronavirus Business Interruption Loan Scheme (CBILS) to provide government funding to small businesses across the UK. Since 2016, Liberis has been supported by the British Business Bank (BBB) – distributing £22m to small businesses with the help of BBB investment.

Am I eligible to get a government-backed loan through CBILS?

Liberis are accredited CBILS lender, and are able to provide loans between £50,001 and £150,000 to small businesses in the UK. To be eligible for CBILS and receive a government-backed loan from Liberis, your business must first meet the following criteria:

  • Accept card payments and have done so for at least 12 months
  • Use one of either Worldpay, Elavon, Lloyds Cardnet or First Data (now known as Fiserv) to handle payments by card
  • Take at least £20,001 in takings from debit/credit cards in an average month
  • Be UK-based and active with an annual turnover of no more than £45m
  • Be able to self-certify that COVID-19 is/has adversely impacting/impacted your business
  • Have a borrowing proposal that would be considered viable by a lender if not for the current pandemic

For the full list of criteria to decide if you’re eligible for a government-backed loan, please visit the British Business Bank website

If you think you qualify for a small business loan from the government and would like to get started, use our eligibility checker now. 

How does a government-backed CBILS business loan from Liberis work?

If you’re eligible for a government-backed business loan from Liberis, you can apply for funding worth between £50,001 and £150,000 for a period of either 12 or 24 months.

Once you receive your government loan, you can put it to use in a number of ways to support your business. And you won’t have to repay anything for 3 months. After that, you’ll make fixed repayments automatically through your debit and credit card takings, in line with your cash flow.

The government’s interest free loan scheme (for the first 12 months) also means that you pay no fees or charges for the first 12 months either**. So, you can focus fully on rebuilding your business as restrictions ease.

Who can apply to Liberis for a government-backed small business loans through CBILS?

Government-backed loans available from us under the Coronavirus Business Interruption Loan Scheme are designed for smaller businesses. If your business has been impacted by Coronavirus, you may be eligible.

You must first meet certain criteria to apply for a government-backed small business loan from us, however. That criteria can be found in the ‘Am I Eligible’ section on this page.  

To start the process, use our eligibility checker and find out if we can help you.

What if I’m not eligible for a government-backed loan?

Unfortunately, we can’t offer a government-backed loan to every small business. If you don’t meet the CBILS qualifying criteria, we won’t be able to accept your application. But this doesn’t mean we can’t still help. Instead, you may qualify for our Business Cash Advance.

With our Business Cash Advance, we could be able to provide the funding you need – which is paid to Liberis through an agreed percentage of your debit or credit card takings. It’s a perfect solution for businesses with unpredictable cashflow as you pay us when your customers pay you.

Why do I need government business funding?

For small businesses throughout the UK, the impact of the coronavirus outbreak is a significant one. Yours might be facing supply chain disruption or lower sales as people stay at home – and that’s if your business has been able to trade at all due to the restrictions.

But it’s not just lost revenue that is affecting small businesses. There are staffing costs like sick pay, continuing expenses such as insurance or the need to invest in taking your business online.

Government business funding is now being made available to help business owners deal with all the challenges they currently face. If you’re eligible for a CBILS government loan from Liberis, it can help ease those cash concerns and enable you to continue trading as restrictions are gradually eased.

What can I use a government-backed loan for?

If approved, how you use a government-backed loan from Liberis is up to you. CBILS support can be used for:

  • General working capital
  • Purchasing specific equipment or machinery
  • Purchasing licences
  • Quotas or other entitlements to trade
  • Research and development
  • Acquiring another business within the UK
  • Expanding an existing business within the UK
  • Replacing existing internal or external finance  

When will I receive my government-backed business loan?

Our team know that many small businesses are facing a fight for survival in these tough times – and access to funding is critical. While we can’t make any promises, we’ll do all we can to make sure you receive your government business loan through CBILS as soon as possible.

CBILS: Why apply for a government-backed loan through Liberis?

If you apply to Liberis for a government-backed loan through CBILS, you’ll be applying from a company who specialises in small business finance. Since 2007, we’ve supported more than 16,000 business owners across the UK – providing almost £500m of funding in the process.

  • 90% of our customers would actively recommend us
  • 75% of our customers refinance with us
  • Our customers have rated us as ‘Excellent’ on Trustpilot 
  • Alternative Lender of the Year at the 2018 & 2019 Credit Awards

When it comes to supporting UK small businesses, our CEO Rob Straathof says it best: “We’re genuinely passionate about helping SMEs grow and are extremely proud of our achievements, including that – to date – Liberis has enabled 82,000 UK jobs.”

Where can I find out more about CBILS and Liberis’ government-backed loans?

If there’s still something about our government-backed loans that you’re unsure of, let us help you find the answer you need. We’ve put together a list of the most frequently asked questions about CBILS – and what they could mean for your business.

Still need more information or not sure if you’re eligible? No problem – simply get in touch with our team today. We’ll be more than happy to help.

Legal notice

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). The provision of this scheme should not be construed as an endorsement or warranty of Liberis by the British Business Bank, or the government of the United Kingdom. Full details on CBILS and the list of participating CBILS lenders can be found on the British Business Bank website: www.british-business-bank.co.uk/CBILS.

Please note: The guarantee made under CBILS is provided to Liberis – not small business borrowers. As with any other commercial transaction, the borrower is always responsible for repayment of the full value of any facility supported by CBILS.

* This is subject to a business applying for the Business Interruption Payment (BIP) and not defaulting on its debt.

** As with any other commercial transaction, the borrower is always responsible for repayment of the full value of any facility supported by CBILS. Any portion of costs not paid by the government remain the responsibility of the borrower.