Growing your


 with the right type of finance 

Business, Property and Equipment Finance

Reservoir Finance Normanton Church Rutla

The latest information on the government business loan schemes?

As a business owner, I am sure you are now aware of the help available to you from the government in the form of both the Bounce back loan (BBL) and the Coronavirus Business interruption loan scheme (CBILS).

But are you aware of the full extent of funding available under these schemes?

We would not want you to miss out on vital support or miss out on the appropriate level of funding where you are eligible to do so.

Did you know;

  • If your CBILS application has already been declined, you can apply again with a different Lender.

  • The Government pays all the interest and fees for the first 12 months, plus some lenders also allow you to make no capital repayments at all for the first 12 months.

  • Each lender has its own criteria, so it is worthwhile shopping around.

  • Your business cannot have both a BBL and a CBILS loan. You can however use a CBILS loan to refinance an existing BBL loan and borrow additional funds.

  • Your business can have more than one CBILS loan with either the same lender or different lenders.

  • You can use a CBILS loan to redeem an existing loan, saving you interest, extending the term and therefore reducing your monthly payments or in some cases helping your cashflow by having nothing to pay for 12 months.

  • Under the scheme, personal guarantees of any form will not be taken for facilities below £250,000.

  • For facilities above £250,000, personal guarantees may still be required, at a lender’s discretion, but recoveries under these are capped at a maximum of 20% of the outstanding balance of the CBILS facility after the proceeds of business assets have been applied. A principal private residence cannot be taken as security to support a personal guarantee or as security for a CBILS-backed facility

  • Individual firms operating within a larger group could each access their own CBILS finance, providing that the combined turn over remains less than £45m.

  • There are over 90 accredited lenders (as at the end of June 2020) providing Business loans, asset finance, invoice finance and revolving credit facilities.


The impact of Covid 19 means that business owners need more financial support than ever to survive and rebuild. CBILS could be a key part of the solution that could help set you up for the next couple of years.

Whilst these loans are still available, it is worthwhile exploring this option. The Government has now extended these loans until March 31st 2021 but it is best to get your application in as soon as possible.

Not every accredited lender can provide every type of finance and each lender has their own criteria. A complete list of accredited lenders can be found here or give us a call and we can find the right lender for you.

If you do not meet the criteria for the CBIL scheme, there are other funding options available that we can explore for you. lenders are still offering finance on normal commercial terms without the need to make use of the scheme.


Further information and a list of FAQs can be found here.

Updated on the 1st February 2021

Access to the right kind of finance when you need it, enables businesses like yours to grow and create jobs.

Running a business can be challenging. That's why it is useful to have access to an experienced finance professional you can count on for guidance and help. 

Whether you're taking advantage of a new business opportunity or simply planning to cover day to day expenses, we can help you put together a tailored finance package with an amount and term that suits your business.

Your job is to grow your business...

Our job is to make sure you have the right finance.

While every business we work with is unique, our approach is always the same and that is to provide an individually tailored financial solution that meets your requirement and goals whilst building a long term relationship.

We want to become your partner of choice to provide advice and assistance in making the right choice of finance for your business.

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With an extensive network of over 100 lenders, you can be ensured that we can help with almost any circumstances.

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We offer impartial advice and guarantee that you receive quotes from the whole of market. With no ties to any particular lenders, we are free to present you with the deal that best suits your needs.

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We work with specialist lenders who know their sectors inside out to deliver enhanced value to you the customer.

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You will learn about the increasing diversity of funding options available to you at every stage of your business journey. 

Our aim is for you to become better informed so that lack of finance won't be the reason you miss an opportunity to grow your business

Where to go when your bank says NO!!

“When we approached Reservoir Finance they asked us what we wanted to achieve, offered several alternatives, explained all the options and swiftly got the process moving.

They presented our applications to the lender with minimum fuss and Red Tape and even negotiated a lower rate on our behalf. We were kept fully up to date at each stage until the money was in the bank. This only took a few days and this allowed us to stay focused on our day-to-day business at no cost to us.
We would recommend them to anyone who wants commercial finance.”


Mark Tilson, Barefoot Flooring



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The King Centre

Main Road




LE15 7WD

T. 01572729729

Belinda Milton t/a Reservoir Finance. Authorised and regulated by the Financial Conduct Authority. Reference number 742264. We are a licensed credit broker and do not provide loans ourselves. Reservoir Finance introduce applicants to finance providers and specialist brokers based on the applicants circumstances. Reservoir Finance may receive a commission from the lender or broker for such introductions.