Building on a partnership

United Trust Bank, the British Business Bank and Bridging intermediaries – working in partnership.

Offered exclusively to Bridging Finance Intermediaries working with UK Property Investors and Developers adversely impacted by COVID-19.

Loan terms up to 24 months | Loans amounts between £500,001 and £5,000,000 | The interest charge for the first 12 months, the arrangement fees may be the professional fees are paid by the Government

Sales Period Finance Loan
See below for full product details and information about eligibility or download our product guide here.

Guide to UTB | CBILS Sales Period Finance Term Loan

Our Sales Period Finance Term Loan comes with a government-backed guarantee via the BBB potentially enabling us to provide facilities to support newly completed development schemes where SMEs would ordinarily have difficulty raising finance due to the impacts of COVID-19.


For Property Investors and Developers who:

i) Are approaching or have achieved PC but require an extended period of time & additional funding to complete sales or have embarked on a rental strategy until the sales market normalises or,

ii) Require assistance in the expansion of their business through the acquisition of new projects, as a result of COVID-19.

Key features

  • Existing customers with new transactions that are not already being funded by UTB & New customers.
  • Loans available up to 70% of Market Value.
  • Loan terms available up to 24 months.
  • Loans amounts between £500,001 and £1,000,000.
  • The Government will make a Business Interruption Payment (“BIP”) to cover the arrangement fee, bank appointed professional fees such as valuation and legals and the first 12 months of interest payments, so smaller businesses will benefit from lower finance costs across the project.

Interest costs and fees

  • A Commitment fee of £2,500 is payable upon acceptance of the Decision in Principle together with the fee for valuation. The commitment fee will be netted off the arrangement fee at drawdown.
  • An arrangement fee of 1% is debited to the loan facility at drawdown and reclaimed on behalf of the Borrower via the BIP. This fee is calculated on the facility amount.
  • Legal and professional fees debited to the loan facility at drawdown can be reclaimed on behalf of the Borrower viathe BIP.
  • A variable interest rate is payable of 6.65% inclusive of UTB base rate. Interest is accrued daily on the outstanding loan amount and charged to the loan facility monthly. Interest for the first 12 months is periodically reclaimed on behalf of the Borrower via the BIP.
  • If finance is sought by the borrower through an appointed credit broker then we can include the broker fee within the loan facility up to a maximum of 1% of the facility amount. This is not covered by the BIP.


  • The majority of the scheme units completed and signed off.
  • Completed units can be rented or a combination of rented units and units for sale.
  • Rental income may be required to be mandated to the Bank.
  • Security to include a first legal mortgage over the property or site, other assets of the borrower, debentures and limited personal or corporate guarantees if appropriate.
  • The Borrower will be required to provide the bank with funds which may be reimbursed to cover to cover valuation costs as well as a solicitors undertaking for legal costs upon acceptance of the facility letter documentation.
  • First draw down under the loan must be within 3 months of the date of the offer letter.
  • To be eligible, the borrower must

(i) Be UK based in its business activity, with turnover of no more than £45m pa

(ii) Have a borrowing proposal which UTB would consider viable, were it not for the current pandemic

(iii) Self-certify that it has been adversely impacted by COVID19 and

(iv) Not classed as a business in difficulty on 31-12-2019.

CBILS requirements for Intermediaries

To enable UTB to accept referrals from Intermediaries you must:

  • Complete all materials in the CBILS Intermediaries Training pack
  • Complete the UTB CBILS Intermediaries Training certificate
  • Complete the UTB Intermediaries Terms of Business

All materials are available upon request

The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS).

Full details on CBILS eligibility criteria and the list of participating CBILS lenders can be found on the British Business Bank website at:

Next steps

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