Register your interest for a development loan, where up to £5m is funded by CBILS, and pay no fees or interest in the first 12 months

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BLG specialises in providing development finance to UK SME property developers and we are delighted to have been approved for accreditation by British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme.

We are proud to be supporting British businesses navigate through these uncertain times by providing property-secured loans through this government-backed scheme.

We will be offering development finance through CBILS with flexible loan structures to support individual requirements.

Register your interest

How much do you wish to borrow? (required)

Please note that up to £5m of the loan is formed by a CBILS loan, and our minimum loan facility of £1m still applies

Are you an existing customer?

YesNo

Can you self-certify that you have been impacted by Coronavirus (Covid-19)?

YesNo

Are you able to demonstrate that your development project is a viable project by a development lender?

YesNo

Is your business based in the UK, with a group turnover of no more than £45m per year?

YesNo

Has your business been classified as a “business in difficulty” on or before 31st December 2019?

YesNo


What is CBILS?

 The Coronavirus Business Interruption Loan Scheme is designed to support UK SMEs that are losing revenue and seeing their cashflow disrupted as a result of the COVID-19 outbreak.

CBILS will cover the first 12 months of interest payments and fees, whilst providing a government-backed guarantee for lenders to encourage more lending.

The scheme enables more SMEs to access finance up to £5m without the additional pressure of upfront costs.

Personal Guarantees will be required but capped at a maximum of 20% of the outstanding balance of the CBILS facility after the proceeds from the sales have been applied. A Principal Private Residence (PPR) cannot be taken as security to support a personal guarantee or as security for a CBIL backed facility

Who is eligible for CBILS?

You can apply for a BLG CBILS loan if you meet all the following criteria:

  • You are a UK-based business with annual turnover up to £45m
  • You have a viable borrowing development finance proposal for us to consider
  • You can self-certify that you have been impacted by the coronavirus (COVID-19)
  • You wish to borrow up to £5 million from CBILS for a term of up to 2 years
  • You require a Property Development Loan
  • You have not been classed as a “business in difficulty” on, or before 31 December 2019

Please note that other standard lending criteria apply.

How much can I borrow under CBILS?

BLG offers property-secured loans, where up to £5m of the loan is funded by CBILS, with up to 2 years repayment terms.

When taking out a CBILS loan, the business is 100% liable for the full loan amount. If the business is unable to repay, the CBIL scheme provides a partial guarantee to the lender, not to the business.

There is no fee to the borrower for the guarantee

How do I apply for CBILS?

Following our announcement as an accredited CBILS lender,  we are in a position to accept both new and existing customer applications. You can register your interest in a CBILS loan using the form on this page and we’ll contact you as soon as possible regarding your enquiry.

 

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

WHAT OUR CUSTOMERS SAY ABOUT US

“I really appreciate your hard work. We really like the way you communicate & I must say I haven't seen many people who are that approachable.”

“A very efficient processing team, dealing with the DD once deal credit approved, through to completion”

“Many thanks for your efforts on this one and getting it approved and sorted so swiftly, very much appreciated. I am sure I will be speaking to your over the coming months.”

“We had other funding options, but chose to use BLG again, as we work well with Tracey Abbott, who always provides very clear information and advice and welcomed you and your teams friendly approach throughout the funding process. Very efficient and always very helpful.”

“Many thanks Anil, it’s been a real pleasure working with BLG so far.  We’re lining up the next project too”

“We would recommend all staff we have dealt with at BLG, as we are very satisfied with Tracey and the initial offer/terms presented, then you and the funding team, through to the draw down team at valuation stage.”

“All documents are clear and the way you keep Clients informed, all the way along the funding process, is refreshing for us”

“With regard to what should be improved at BLG, we work with many lenders in our business and we do not get the help and response we have had on the two projects with all at BLG on our Funding for our developments.”

“We would particularly mention Dave Edwards and Tom Pitts as being central to having a smooth working relationship and being positive and helpful at all times. Their guidance in helping us navigate the project from inception to completion was invaluable. As was their patience, particularly at the beginning. We look forward to many future projects with the BLG team.”

“We would like to express our appreciation for your support on our development in Bristol. We were very pleased that, from the outset, you shared our vision of the project to convert a dated but classical building, that had outlived its usefulness as a school, into unique luxury apartments with views overlooking the city. We found our dealings practical and streamlined. Monthly payments were processed in an efficient and timely manner.”

“BLG are very good at communicating with Clients and all documents are very clear and all at BLG are always happy to help.”

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