Our Dedicated Hub
We have created this dedicated hub where you will find important information and advice regarding Coronavirus, ranging from information about the government-backed schemes to personal advice on how to stay safe during the pandemic.
Bounce Back Loan Scheme (BBLS)
We are now an accredited lender of the BBL Scheme, delivered by British Business Bank, which offers financial support for businesses that have been affected by the ongoing pandemic and those that can benefit from £50,000 or less in finance. As an accredited lender, Skipton Business Finance is offering this scheme alongside on Invoice Finance Facility.
Coronavirus Business Interruption Loan Scheme (CBILS)
The CBIL Scheme is provided by the British Business Bank, of which Skipton Business Finance is an accredited lender. The aim of the scheme is to support the continued provision of finance to UK businesses during the Covid-19 outbreak. UK businesses can apply borrow up to £5m via the scheme which is available from Skipton Business Finance alongside an Invoice Finance facility.
The British Business Bank
Both CBILS and BBLS are managed by The British Business Bank.
The British Business Bank is 100% Government owned but independently managed. It brings expertise and Government money to the smaller business finance markets. They don't lend or invest directly, instead working with over 130 partners such as Skipton Business Finance.
Businesses apply for finance through partners who, because they work with the BBB, can lend and invest more - especially to younger and faster growing companies.