Banco Santander, S.A., doing business as Santander Group, is a Spanish multinational commercial bank and financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest banking institution in the world.
We are dedicated to supporting you and your business during this unprecedented period. One way we can do this is by providing funding through our participation in the Coronavirus Business Interruption Loan Scheme.
We will not take personal guarantees (PGs) as security for CBILS lending below £250,000. For lending above £250,000, personal guarantees may still be required 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 (PPR) will not be taken as security to support a personal guarantee or as security for a CBILS-backed facility.
Santander is accredited under CBILS for Term Loans and Revolving Credit (Overdrafts). Santander can offer finance from £2,000 to £25,000 for Term Loans.
Santander is also accredited under CLBILS, for medium-sized and larger businesses, with a turnover above £45m.GET FUNDED