CBILS SME Checklist
IMPORTANT: 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.
Please note: All lending decisions remain fully delegated to accredited lenders.
Please make sure you can answer YES to the following questions 1-4,
Y for Yes
N for No
and complete the checklist before applying to your lender:
1. Are you a sole trader, a partnership or an individual acting on behalf
of a company or a company?
2. Is your business based in the UK?
3. Does your business (or group of businesses) have a turnover
of no more than £45 million?
If your business is part of a group, controlled on either a legal or de facto basis, the maximum turnover
applies to the group undertaking. More than one company within the group can be considered for a
CBILS facility but only if the consolidated group turnover does not exceed the £45 million annual turnover
threshold. The qualifying period is 12 months preceding application. If your business is part of a group, you
may be required to provide additional information around the structure of your business.
4. Does your business generate more than 50% of its turnover from
trading or commercial activity in the UK?
“Trading activity” means any trading or commercial activity that generates turnover (whether or not it is
carried on with the intention of making a profit and whether or not turnover is generated by exports). This
criteria will not apply if you are a further educational establishment, or a registered charity.
Invoice or asset finance facilities under £30,000
5. Are you looking for an invoice or asset finance loan for export activity,
for under £30,000?
Under £30,000, the facility cannot be used for certain activities outside of the UK. You will need to self-
certify that the facility is not going to be used for: an advertising campaign outside the UK; the manufacture
of a product which is only available to customers in an overseas market; the establishment of a
representative office outside the UK; or the appointment of an overseas agent; the setting up or operation
of a distribution network overseas; and directly to fulfil an export order.
6. Do you have a Bounce Back Loan? If so, you are required to re-finance
the whole of your BBLS loan amount with the CBILS loan you are intending
to apply for, if eligible.
CBILS SME Checklist