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A sophisticated real estate lending marketplace for institutional investors and originators

We are proud to be working with the British Business Bank as an accredited lender under the Coronavirus Business Interruption Loan Scheme.

Coronavirus Business Interruption Loan Scheme

Brydg is committed to supporting British businesses during these unprecedented times by working with the Government-owned British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS).

As a CBILS accredited lender, we can support your business to recover from the impact of COVID-19.

What is CBILS?

The Coronavirus Business Interruption Loan Scheme is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the COVID-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities.

The scheme provides Brydg with a government-backed guarantee to facilitate lending during a time when the borrower may not have passed ‘normal’ lending criteria thresholds. The Government guarantee is to Brydg (‘the lender’) and the borrower remains liable for 100% of any facility that may be provided.

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).

Focused on Property Developers

We’ve championed you in the good times and now we want to support you in the tough times. If your business’ finance has been affected by the COVID-19 pandemic, we’re here to help because we know the Commercial Real Estate (CRE) Sector is a real driver of the UK economy.

Helping property developers and the Commercial Real Estate sector is vital to the UK economy. As a CBILS accredited lender, we are here to support your financing needs with property-secured loans which are flexible enough for your individual requirements during these uncertain times.

CRE Sector

  • Contributes £180 billion to the UK economy (8% of GDP in 2019)
  • Represents 18% of all UK SMEs
  • Employs over 1 million people

Interest Free Period with Total Flexibility

12 months

To make the loans more affordable, there’s no mandatory repayments for the first 12 months. You won’t need to pay interest during that time or need to pay a fee to take out the loan, as the UK Government will be paying this on your behalf as a “Business Interruption Payment”. If you want to settle the loan early, there’s also no fees for full early repayment.

Eligibility Criteria

The CBILS is available to businesses affected by coronavirus (COVID-19) who have:

  • UK-based business activity
  • Annual turnover of no more than £45m
  • More than 50% of your turnover comes from trading (not investments)
  • A borrowing proposal that, if not for coronavirus, would be considered viable
  • Requirements to use the money to keep doing business in the UK
  • Not been classed as a “business in difficulty” on 31 December 2019 and must not be subject to any current collections or insolvency proceedings

Additional details

We require a first charge on all property backed loans.

You’re responsible for repaying 100% of the loan. Where default occurs, we follow our standard commercial recovery procedures (including the realisation of security) before we make a claim against the government's guarantee for any shortfall. Loans are available to most business sectors, but restrictions apply.


What is CBILS exactly?

So what exactly is the Coronavirus Business Interruption Loan Scheme? Since the pandemic started, it’s acronym has become common in the vocabulary of business owners and accountants, but understanding it fully is crucial if you’re on the hunt for financial support at the moment. Announced by the Government in March 2020, this type of loan is designed to offer a cheaper way of borrowing for businesses hit by the effects of coronavirus. Through the scheme, it’s possible to get access to £50,001 – £5m in the form of business loans, overdrafts, asset finance or invoice finance. Terms vary from product to product, but the longest on offer are six years. But the Government isn’t offering this money directly. Instead, they have accredited over 80 lenders to do what they do best – deliver finance to those who need it. These range from the big highstreet banks, to fintech lenders such as us, and more specialist lenders.

What kinds of businesses are eligible for the CBIL Scheme?

Businesses with a turnover of £45 million or less are eligible under CBILS. An SME can also be a sole trader or a partnership, as well as a limited company, under the CBILS definition. The Borrower cannot be an individual other than where the individual is a sole trader or a partner in a partnership and is acting in a business capacity.

Does CBILS require that eligible companies generate a certain percentage of annual turnover from trading activities?

An eligible SME must generate more than 50% of its income from trading – the sale of goods or services. CBILS is not designed to support shell companies. Registered charities and further education establishments are exempt from this requirement.

How soon can we receive funding?

In usual circumstances, we are able to complete the application process within a week. At present, we are approved for CBILS accreditation and taking enquiries but not yet live or lending under the CBILS scheme. We are working with the British Business Bank to be operational and expect to be live very shortly.

To help us help you, we are taking enquiries now to expedite the process once we go live.

Is an SME based overseas eligible?

An SME which is foreign-owned is in principle eligible to apply for CBILS, provided it is trading in the UK (not just selling into the UK and has the core of its business operations in the UK) and uses the CBILS facility to support its business activity in the UK. The same is true for an SME which has UK ownership but is registered abroad.

Is a company that derives income from property eligible for CBILS?

If it derives more than 50% of its income from commercial activity that generates turnover, whether or not this is with the intention of making a profit. This includes real-estate SMEs that derive income from property (including real-estate investment companies and housebuilders).

One of the eligibility criteria is for the business to have an annual turnover of no more than £45 million. Is this measured on the entirety of the Group or could the funding be taken by a single operating subsidiary?

If your business is part of a group, controlled on either a legal or de facto basis, the maximum turnover applies to the group undertaking. The qualifying period is 12 months preceding application.

Can the different companies within the group access their “own” guarantee?

More than one company within the group can be considered for a CBILS facility but only if the consolidated group turnover does not exceed the £45 million annual turnover threshold.

What supporting documents might I need to apply?

You will need to provide certain documents when you apply for a CBILS-backed facility. These requirements vary depending on your application, but are likely to include:

  • Management accounts
  • Business proposal
  • Historic accounts
  • Details of business assets

If you do not have everything listed here, a CBILS loan could still be an option to provide finance to support your business.

Will I need security to get a CBILS-backed loan?

Under the scheme, we will not take personal guarantees of any form for facilities below £250,000.

For facilities above £250,000, personal guarantees will still be required, but:

  • they exclude the Principal Private Residence (PPR); and
  • 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

For all facilities, including those over £250,000, CBILS can now support lending to smaller businesses even where we consider there to be sufficient security, making more smaller businesses eligible to receive the Business Interruption Payment. Where there is sufficient security available, it is likely that we will take such security in support of a CBILS facility.

Can I repay the CBILS loan early?

You can repay your CBILS loan in full at any time during the term of your loan with no early repayment fees.

What happens if I default?

Under the scheme, the government will provide a guarantee to lenders, like Brydg, for part of loan balance. This scheme allows SMEs to access to finance during the current economic climate.

Borrowers are still 100% responsible for paying back the loan and any associated fees not covered by the Business Interruption Payment. Should you default on the loan, we must adhere to our usual arrears and default policy before we can make a claim under the CBILS guarantee.

For a full list of FAQs, please click here.

It's time for the digital evolution of real estate lending. The Brydg Exchange is a full stack marketplace to standardise real estate lending for scale and transparency.

A sourcing platform for Originators

Available Funding




Interest as low as

6.5% per annum


Whether you're a Broker, Intermediary, Network, or Packager, we are uniquely positioned as a Lender with a minimum of £100 million of discretionary capital at any given time as well as an Exchange of global family offices and institutional investors who trust us with various mandates.

Top Features

  • Loan Management Console with Document Repository
  • Instant Offers
  • 1 Application/Many Lenders


  • Max 75% LTV
  • Non owner occupied

A marketplace for Lenders

Current Loan Enquiries


Average Loan To Value


Average Loan Term

12 Months


Invest with scale, complete control, short duration and attractive returns.

We directly connect providers of capital with borrowers looking for business loans secured against property. We work with property developers and other individuals and businesses looking for bridge loans, otherwise known as short term credit secured against real estate.

Our platform gives institutional investors scaled access to asset backed loans where we manage the originations process, advise on the credit and underwriting of the loan and even service the loan on behalf of our investors.

Top Features

  • AIWHO advanced underwriting of borrower, asset and transaction
  • Dashboard reporting console with detailed portfolio and loan views containing everything from valuation reports to credit memos
  • Dedicated investor relations team to support in all aspects of closing a transaction, from credit assessment to liaising with counter parties

Easy access subject to approval


  • £10m minimum capital

Exchange features in The life of a loan

A sneak peek into a Smart Contract

Our team has been lending against UK real estate for over 30 years and we have a trusted reputation which is second to none.

Bespoke Approach

We are not real estate developers, so we don't compete with our clients. We approach every loan with a tailor made strategy, which is unique to the borrower's needs and our investment criteria. Our investment mandates allow us to move with speed whilst our technology and team of real estate and credit veterans are uncompromising on diligence.

Advanced Underwriting

Our proprietary underwriting approach, AIHWO (Artificial Intelligence With Human Oversight), is formed through decades of lending experience coupled with the most advanced technologies and data analytics, which allows us to diligently assess the following loan characteristics:

  • The Borrower (e.g. credit history, experience etc.)
  • The Asset (e.g. location, area liquidity, property condition etc.)
  • The Transaction (e.g. LTV, exit strategy, business plan etc.)

Every loan is put through rigorous diligence with an emphasis on downside protection whilst reviewing the main transaction characteristics where the loan is sufficiently over collateralised to compensate major downturn of the market.

Dynamic Monitoring

The management and servicing of each loan is dynamic in that we are routinely stress testing each loan, from the asset value to the exit strategy, to assure all loan covenants are met at all times without exception. From drawdown of funds through to maturity at redemption, the distance to asset value is tested against regular valuations of the properties and Dynamic Loan Covenants.

Brydg Ticker
  • 03 Aug 2020. 9:30am

    Brydg CBILS

    British Business Bank

    We are proud to be working with the British Business Bank as an accredited lender under the Coronavirus Business Interruption Loan Scheme.

    See more

  • £782,041,185
    in loans funded

  • £1,399,330,520
    total value of properties funded

  • 10.8%
    average IRR

  • 55.89%
    average LTV

  • 08 Oct 2019. 5:30pm

    The Future of Real Estate Value in Post Brexit Britain

    Join an engaging panel conversation to discuss the impact of the current political climate on real estate prices in the long term and short term.

    Location: Brydg HQ Mayfair

    Date: Tue, October 15, 2019

    Time: 2:30 PM – 4:30 PM GMT

  • 28 Mar 2019. 6:00pm - 8:00pm

    Broker Networking

    Brydg is hosting this unique event for brokers who deal with high net worth/ big ticket specialist property loans in central London.

    Location: Brydg HQ Mayfair

    Date: Thu, March 28, 2019

    Time: 6:00 PM – 8:00 PM GMT

  • 12 - 15 Mar 2019

    Brydg in Cannes at MIPIM

    Come meet us in Cannes at the 30th anniversary of MIPIM for the largest property exhibition in the world.

    Location: Cannes, France

    Date: 12 – 15 March 2019