Smaller businesses (SMEs) from all sectors can apply for the full amount of the facility, between £50k and £750k.
To be eligible for a facility under Aldermore Asset Finance CBILS, your business must:
- Be UK based in its business activity with annual turnover of no more than £45m
- Your application must be for business purposes
- Your business must generate more than 50% of its turnover from trading activity
- Your CBILS-backed facility will be used to support primarily trading in the UK
- You wish to borrow between £50k and £750k over a period of between 12 and 60 months
- Have a borrowing proposal which, were it not for the COVID-19 pandemic, would be considered viable by Aldermore, and for which we believe the provision of finance will enable your business to trade out of any short-to-medium term difficulty
If Aldermore can offer finance on normal commercial terms without the need to make use of the scheme, we will do so.