If you have been declined for CBILS funding, take a look at these alternative finance options.

• Short term cashflow loans up to £150k. Not part of the Government-backed scheme but special terms available for Covid-19 critical sectors. Available from 3 to 12 months to businesses with annual turnover >£60k. Download the short term cashflow information sheet. Download the information sheet.
• Tax Loans to £250k. Not part of the Government-backed scheme but enables Companies trading 3+ years to spread the cost of Corporation Tax or VAT liabilities over 12 months. Download the Tax Loan facility information sheet.
• Commercial property sale & leaseback to £1m. Not part of the Government-backed scheme but enables established businesses to release £250k to £1m on commercial & industrial property. Download the Commercial Property Sale & Leaseback information sheet.

The UK Government has deployed various emergency finance schemes to support businesses impacted by Coronavirus. If you have a banking facility with a CBILS-accredited provider, you should approach your Relationship Manager or Director first. View the CBILS SME FAQs.

We know the acceptance criteria and information requirements of the CBILS-accredited providers and can package and present your application for the following schemes to enhance success:

CBILS Selective Invoice Finance up to £1.5m (No Director PG up to £250k)

CBILS Loans up to £250k (No Director PG)

CBILS Loans from £250k to £5m (Director PG or security may be required)

• CBILS Selective Invoice Finance up to £1.5m. Provides rapid advance payment on new invoices submitted, with up to 120 days credit. Available for businesses selling products or services to other businesses, who do not already have an invoice finance facility. The service charge and credit fee are paid by Government for the first 12 months. No contract required. Director PGs not required up to £250k. Download the CBILS Selective Invoice Finance information sheet.
• CBILS Loans up to £250k. Provides emergency CBILS funding up to 6 years with no capital or interest repayment required in the first 12 months. Director PGs are not required. Download the CBILS Loans to £250k information sheet.
• CBILS Loans from £250k to £5m. Provides emergency CBILS funding up to 6 years with no capital or interest repayment required in the first 12 months. Director PGs may be required. Download the CBILS Loans to £5m information sheet.

If you are not sure which of the above options to pursue or your CBILS application has been declined, please call to discuss or complete the enquiry form. Blueray Capital can help. We have excellent relationships with 150+ specialist lenders, funds and institutions. We know their lending appetite and criteria and can work swiftly on your behalf.