4Syte has been approved for accreditation to the government-backed Coronavirus Business Interruption Loan Scheme (CBILS) by the British Business Bank. This will allow 4Syte to support UK SMEs during the Covid-19 outbreak by providing CBILS top-up Invoice Finance facilities.
The scheme can be utilised alongside an Invoice Finance facility to provide additional lending of up to £500k.
Important notice: 4Syte offers CBILS facilities to run alongside an Invoice Finance facility. Standalone loans will not be considered.
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 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.
 Following earlier discussions with the banking industry, some lenders indicated that they would not charge arrangement fees or early repayment charges to SMEs borrowing under the scheme. HM Government greatly appreciates this approach by lenders.
 Fishery, aquaculture and agriculture businesses may not qualify for the full interest and fee payment.
 Please note that where there is sufficient security available, it is likely that the lender will take such security in support of a CBILS facility
Please note: The following are not eligible under CBILS:
 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.
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
This is a checklist to help you understand if you may be eligible to apply for a CBILS-backed facility. Lenders will need further information to confirm your eligibility, this is simply a quick reference guide and is not a confirmation of approval.
British Business Bank have compiled responses to some of the most frequently asked questions from SMEs about CBILS. Click on the link below to read more.
Second Floor, Steeple House, Church Lane, Chelmsford, Essex, CM1 1NH
01245 377 032 email@example.com
224 Linen Hall, 162-168 Regent Street, London W1B 5TE
01245 377 032 firstname.lastname@example.org
17 Park Place, Leeds, West Yorkshire LS1 2SJ
01134 033 302 email@example.com