Lender Requirements

A borrower under the BBL Scheme is entitled to a “Business Interruption Payment” or “BIP” up to a specified maximum to cover payments of the interest on the loan, for a period of 12 months. […]

Applicants are expected to be appropriately regulated, licensed and have the necessary authorisations and permission to conduct activities consistent with their lending strategy. Applicants must be able to demonstrate transparent and appropriate tax structures, in […]

Applicants must certify that they have sufficient internal resources and capacity in place to deliver the BBLS. Applicants must certify their compliance with the details contained within the New Lender Application Form.

Each applicant must have or will have sufficient capital available to meet their lending forecasts for the duration of the Scheme Period, covering smaller business lending both with and without BBLS support. Where the availability […]

BBB would generally expect applicants to use BBLS to support a minimum of £10,000,000 of new lending during the Scheme Period.

Lenders should be able to certify their track record in the provision of term loans to BBLS-eligible UK businesses; or if they are a newer Lender or a Lender entering a new market segment, to […]

If you are accredited as Lender under BBLS, your accreditation will last for the duration of the Scheme (subject to you becoming a full Lender after the end of your probationary period) and our rights […]