Have an annual turnover of no more than £45 million.
Have a borrowing proposal which the lender would consider viable, were it not for the current pandemic.
Self-certify that it has been adversely impacted by the coronavirus (COVID-19).
2
Online application in-progress
Please complete this form.
Should you have any questions then please call 01243 767 967.
3
Loan offer awaited
Should your application be successful then a loan offer will be confirmed.
This will detail the:
Loan amount
Loan term
Loan fixed interest rate
The offer will remain open for 48 hours.
4
Loan terms agreeable?
You review and accept loan terms.
Business loan pack emailed to you for signing.
5
Funds transferred
Funds transferred to your bank account within 7 days
Your CBILS Business loan quote
£ 125,000
£26,000
Amount
£250,000
3 years
2 years
Loan period
6 years
United We Stand!
QED Finance has been selected by a number of lenders to assist them with CBILS applications.
You have arrived here via a link provided by your accountant.
You are able to apply for a loan here in addition to any other CBILS application already made via your bank or other approved funder. You can take multiple CBIL loan up to a £5mn overall limit (subject to affordability of course).
The team at QED Finance will make sure that your application is complete and presented correctly to the most suitable lender(s). We will speed up the process and this will lead to a quicker approval.
Criteria
Must be a UK-based Limited company or LLP
Must have more than 50% of turnover from trading activity
Minimum 12 months of trading history.
Must have a minimum of one set of accounts published at Companies House.
Loan Structure
Maximum Loan available from £250,000 to £500,000 (lender dependent)
Minimum loan term 2 years, Max loan term 6 years
No capital repayments for the first 6 to 12 months (lender dependent)
No interest payable by borrower in the first 12 months (The British Business Bank will pay the first 12 months of interest payments)
No Lender Arrangement fee (The British Business Bank will pay these fees). QED charge a small success only fee (as detailed in our email)
No personal guarantees (when borrowing under £250,000)
How to Apply
In addition to completing this online application you will also need to attach the following:
6 months business bank statements (These should include transactions up until this week) See guide to downloading bank statements at the base of the application form below.
Copy of latest published full accounts to include a full profit and loss statement (not abbreviated)
Copy of your latest management accounts, P&L and Balance sheet. (if available)
NOTE:An incomplete or inaccurate application will be refused by most lenders. There is no right of appeal, and often no second chance. QED Finance will ensure your application is given every chance of succeeding.
Save your work on this computer only. For privacy reasons, please do not use this feature on a shared computer.
See a CBILS Business Loan Quote Estimate
Mobiles and Tablets
This website has been designed to work best on laptop and desktop computers.
Please proceed to apply for your loan on one of these devices.
About the Loan
Maximum loan £250,000
Your Business
Significant Business Owners
Please complete for all shareholders or proprietors with at least 20% shareholding of the business.
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Address
If less than 3 years than please upload additional addresses with this application.
Significant Business Owner 2
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If less than 3 years than please upload additional addresses with this application.
Significant Business Owner 3
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If less than 3 years than please upload additional addresses with this application.
Add Owner
To apply for your personalised offer.
Attach Files
Please now upload:
Copy of last 2 years accounts published (full accounts, not abbreviated).
Copy of your last 6 months business bank statements. These should include transactions up until today
Copy of your latest management accounts, P & L + balance sheet (if available)
If significant business owners have home addresses less than 3 years old. Please include additional addresses where they have lived within the last 3 years with your application.
You may drag them to the marked area to upload them, or alternatively use the button to search for the files on your computer.
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