01264 334344 

Coronavirus (COVID-19) – Supporting your business

However your income or business has been affected by COVID-19 there are a range of options available to you through talking to us, including:

  • Fee free capital repayment holidays on loans for up to 6 months
  • No arrangement fee for new lending specifically related to COVID-19 purposes only (NB - Valuation costs will still apply)
  • Support and guidance on a range of agricultural issues via our nationwide network of Land Agents
  • A dedicated Lending Support team available to discuss your personal circumstances and work through options that may help you through this period. You have our assurances that we will treat each case on its merits and manage events in a sympathetic and appropriate way.

Coronavirus government-backed lending schemes

There are three government-backed lending schemes designed to enable the continued provision of finance to UK businesses during the COVID-19 outbreak. AMC is unfortunately not able to offer these schemes, so please speak to your main bank for support in the first instance. You should also note that certain agricultural businesses may be restricted from applying for these loans, so please check first. The schemes include:

Bounce Back Loan Scheme (BBLS)

  • Borrow between £2,000 and £50,000
  • Interest rate fixed at 2.5%
  • No capital or interest payments for the first 12 months
  • Simple online application

Coronavirus Business Interruption Loan Scheme (CBILS)

  • Borrow between £50,001 and £5 million
  • No capital or interest payments for the first 12 months
  • For businesses with an annual turnover up to £45 million

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

  • Borrow between £50,001 and £200 million
  • For businesses with an annual turnover over £45 million
  • AMC is unable to offer these schemes, but you can find out more about them by visiting the British Business Bank’s website

AMC remains open for business, although we will naturally be prioritising customers who have been impacted by COVID-19. The latest Government guidance at a local, national and devolved level may of course impact our ability to provide a normal level of service and therefore you may experience some level of increased response times over the next few months.

Thank you for your continued patience.

AMC loans available for business purposes only, provided on a secured loan basis. Minimum AMC standard loan £25,001. To meet customer requirements, lending criteria will vary. Lending is subject to status.

If you have a hearing or speech impairment you can use Relay UK. More information on the Relay UK Service can be found at: relayuk.bt.com.

Office hours are 09:00 to 17:00, Monday to Friday, excluding Bank and Public holidays.

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The Agricultural Mortgage Corporation plc, registered in England & Wales, no. 234742. Registered office: Charlton Place, Charlton Road, Andover, Hampshire SP10 1RE. Telephone: 01264 334344.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk and apply to businesses which have an annual turnover of no more than £25 million.

The Agricultural Mortgage Corporation plc is a wholly owned subsidiary of Lloyds Bank plc. Lloyds Bank plc is a member of Lloyds Banking Group. Lloyds Banking Group is a financial services group that incorporates a number of brands including Lloyds Bank. More information on Lloyds Banking Group can be found at lloydsbankinggroup.com.