Coronavirus Business Interruption Loan Scheme

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Coronavirus Business Interruption Loan Scheme

DSL Business Finance Ltd is an accredited lender for the UK Government’s Coronavirus Business Interruption Loan Scheme (CBILS). This scheme has been developed to assist  businesses affected by coronavirus.

DSL operates in Scotland only, therefore only offer loans to business based in Scotland.

You will need to have a sound borrowing proposition and have been viable prior to the  Covid-19 outbreak.

FEATURES:

  • No arrangement fee or guarantee premium
  • Interest rate is 12% fixed per annum. You will not pay interest for the first 12 months (this will be paid by the Government to DSL)
  • Loan value from £50,001 – £75,000
  • Loan term can vary between 1 to 6 years
  • 12 months Capital Holiday. Payments of Capital & Interest will commence month 13 over a 5 year term.
  • Lump sum reductions/full repayment are permitted at no cost.

The borrower remains liable for repayment of 100% of the loan

To find out more about the scheme please visit the British Business Bank website.

Get in touch to find out more.

All applicants are assigned a Loan Officer throughout the process and receive face-to-face, pre and post loan drawdown support. Our friendly team are here to advise and support you every step of the way.

British Business Bank

The British Business Bank is a government-owned business development bank dedicated to making finance markets work better for smaller businesses. They have several funding options for start up and existing businesses. DSL Business Finance Ltd is a an accredited lender to offer the Government’s recently announced Coronavirus Business Interruption Loan Scheme (CBILS). This scheme has been Developed to help businesses affected by coronavirus manage their finances.

To find out more about the British Business Bank, visit their website.

The above calculator should be used for illustrative purposes only.  Exact figures will be published in the loan offer documentation.