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Why is my CBILS loan offer different to what I requested in my application?

The offer we have been able to make you may differ from what you requested in your application for several reasons. CBILS loans have a minimum term of 2 years, with the first 12 months of interest and fees being paid by the UK government - so if you applied for a 6-12 month loan, your offer will likely be for a two year loan term. 

Under British Business Bank CBILS guidelines, the amount businesses can borrow is capped at 25% of their last year's turnover, so if you applied for more than 25% of your annual turnover, your loan offer amount may be lower than you were expecting.

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