Is my business eligible?
- Covid-19 impact: The borrower must confirm to the lender that it has been impacted by Covid-19
UK-based: The borrower must be carrying out trading activity in the UK
Viability test: The lender will consider that the borrower has a viable business proposition but may disregard any concerns over its short-to-medium term business performance due to the uncertainty and impact of Covid-19
Turnover limit: There is no turnover restriction for businesses accessing the scheme
Credit and fraud checks for all applicants: Lenders will be required to undertake credit and fraud checks for all applicants. The checks and approach may vary between lenders