Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) was initiated by the British Business Bank (BBB) on behalf of the UK Government, providing much needed support to the SME construction sector in response to the impact of Covid-19.

CBILS facilities provided accredited lenders with a government backed guarantee for part of the loan and afforded the borrower an interest free period. This gave our clients the relief they needed to navigate the various lockdowns, sales complications, supply chain issues and construction delays experienced in 2020-2021.

Criteria for CBILS eligibility fluctuated throughout the period and varied from lender to lender, however LEXI were able to work with all providers to support residential assets, investment property, purpose built student accommodation and land with planning transactions.

LEXI supported several clients through the technicalities of the CBILS process, facilitating £28,500,000 of debt to support projects totalling 146 residential units, 33 HMO bed spaces and 3 commercial assets across the UK.