Recovery Loan Scheme - Revision history

imported>Doug Williamson: Update.

2022-12-28T14:16:56Z

Update.

← Older revision		Revision as of 14:16, 28 December 2022
Line 5:		Line 5:
	The UK's temporary Recovery Loan Scheme replaced the CLBILS, CBILS and Bounce Back schemes.		The UK's temporary Recovery Loan Scheme replaced the CLBILS, CBILS and Bounce Back schemes.

	For new applications, the RLS ran from April 6, 2021 until 30 June 2022.		For new applications, the first two phases of the RLS ran from April 6, 2021 until 30 June 2022.


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	Like CBILS and ~~the~~ Bounce Back ~~Loans~~, the RLS ~~was~~ available through a network of accredited lenders.		A third phase of the RLS came into effect from August 2022.

			Like the former CBILS and Bounce Back Loan Scheme, the RLS is available through a network of accredited lenders.


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	==~~Resources for COVID~~-19==		==Other resources==
	[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]		*[https://www.british-business-bank.co.uk/ourpartners/recovery-loan-scheme/?gclid=EAIaIQobChMIgfPsxb6c_AIVDtPtCh0UtgCYEAAYASAAEgLAyvD_BwE&gclsrc=aw.ds Recovery Loan Scheme (RLS) - key features and eligibility criteria for applications from August 2022 - British Business Bank]]
			*[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]

	[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]		*[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Remove surplus link.

2022-12-28T12:46:57Z

Remove surplus link.

← Older revision		Revision as of 12:46, 28 December 2022
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	[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]		[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]

	~~[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]~~

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Remove superseded detail about earlier period of scheme.

2022-07-07T15:46:38Z

Remove superseded detail about earlier period of scheme.

← Older revision		Revision as of 15:46, 7 July 2022
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	For new applications, the RLS ran from April 6, 2021 until 30 June 2022.		For new applications, the RLS ran from April 6, 2021 until 30 June 2022.


	~~Under the RLS UK businesses of any size could apply for a loan or overdraft between £25,000 and £10m.~~

	~~Asset and invoice finance between £1,000 and £10m was also available.~~

	~~All had a Government guarantee of 80 per cent.~~

imported>Doug Williamson: Expand definition.

2022-07-07T15:42:36Z

Expand definition.

← Older revision		Revision as of 15:42, 7 July 2022
Line 3:		Line 3:
	(RLS).		(RLS).

	The temporary Recovery Loan Scheme replaced the CLBILS, CBILS and Bounce Back schemes.		The UK's temporary Recovery Loan Scheme replaced the CLBILS, CBILS and Bounce Back schemes.

	For new applications, the RLS ran from April 6, 2021 until 30 June 2022.		For new applications, the RLS ran from April 6, 2021 until 30 June 2022.

imported>Doug Williamson: Update.

2022-07-07T15:42:17Z

Update.

← Older revision		Revision as of 15:42, 7 July 2022
Line 3:		Line 3:
	(RLS).		(RLS).

	The Recovery Loan Scheme ~~replaces~~ the CLBILS, CBILS and Bounce Back schemes.		The temporary Recovery Loan Scheme replaced the CLBILS, CBILS and Bounce Back schemes.

	~~The~~ RLS ran from April 6, 2021 until ~~December 31, 2021, subject to review~~.		For new applications, the RLS ran from April 6, 2021 until 30 June 2022.


	Under the RLS UK businesses of any size ~~can~~ apply for a loan or overdraft between £25,000 and £10m ~~until the end of 2021~~.		Under the RLS UK businesses of any size could apply for a loan or overdraft between £25,000 and £10m.

	Asset and invoice finance between £1,000 and £10m is also available.		Asset and invoice finance between £1,000 and £10m was also available.

	All ~~have~~ a Government guarantee of 80 per cent.		All had a Government guarantee of 80 per cent.


	Finance terms ~~are~~ up to six years for term loans and asset finance facilities.		Finance terms were up to six years for term loans and asset finance facilities.

	For overdrafts and invoice finance, terms ~~are~~ up to three years.		For overdrafts and invoice finance, terms were up to three years.

	No personal guarantees ~~will be~~ taken on facilities up to £250,000 and a borrower’s principal private residence ~~cannot~~ be taken as security.		No personal guarantees were taken on facilities up to £250,000 and a borrower’s principal private residence could not be taken as security.


	Like CBILS and the Bounce Back Loans, RLS is available through a network of accredited lenders.		Like CBILS and the Bounce Back Loans, the RLS was available through a network of accredited lenders.

imported>Doug Williamson: Update.

2022-01-27T11:15:08Z

Update.

← Older revision		Revision as of 11:15, 27 January 2022
Line 5:		Line 5:
	The Recovery Loan Scheme replaces the CLBILS, CBILS and Bounce Back schemes.		The Recovery Loan Scheme replaces the CLBILS, CBILS and Bounce Back schemes.

	The RLS ~~runs~~ from April 6, 2021 until December 31, 2021, subject to review.		The RLS ran from April 6, 2021 until December 31, 2021, subject to review.

imported>Doug Williamson: Amend wording.

2021-03-11T10:13:37Z

Amend wording.

← Older revision		Revision as of 10:13, 11 March 2021
Line 4:		Line 4:

	The Recovery Loan Scheme replaces the CLBILS, CBILS and Bounce Back schemes.		The Recovery Loan Scheme replaces the CLBILS, CBILS and Bounce Back schemes.

			The RLS runs from April 6, 2021 until December 31, 2021, subject to review.


	Under the RLS UK businesses of any size can apply for a loan or overdraft between £25,000 and £10m until the end of 2021.		Under the RLS UK businesses of any size can apply for a loan or overdraft between £25,000 and £10m until the end of 2021.

	Asset and invoice finance between £1,000 and £10m ~~are~~ also be available.		Asset and invoice finance between £1,000 and £10m is also available.

	All ~~will~~ have a Government guarantee of 80 per cent.		All have a Government guarantee of 80 per cent.


	Finance terms are up to six years for term loans and asset finance facilities.		Finance terms are up to six years for term loans and asset finance facilities.

	For overdrafts and invoice finance, terms ~~will be~~ up to three years.		For overdrafts and invoice finance, terms are up to three years.

	No personal guarantees will be taken on facilities up to £250,000 and~~, as before,~~ a borrower’s principal private residence cannot be taken as security.		No personal guarantees will be taken on facilities up to £250,000 and a borrower’s principal private residence cannot be taken as security.


	~~The RLS runs from April 6, 2021 until December 31, 2021, subject to review.~~		Like CBILS and the Bounce Back Loans, RLS is available through a network of accredited lenders.

	Like CBILS and the Bounce Back Loans, ~~these the~~ RLS is available through a network of accredited lenders.


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	*[[Business continuity plan]]		*[[Business continuity plan]]
	*[[Contingency plan]]		*[[Contingency plan]]
	*[[COPD]]
	*[[Coronavirus]]		*[[Coronavirus]]
	*[[Coronavirus Business Interruption Loan Scheme]] (CBILS)		*[[Coronavirus Business Interruption Loan Scheme]] (CBILS)
	*[[Coronavirus Job Retention Scheme]]		*[[Coronavirus Job Retention Scheme]]
	*[[Coronavirus Large Business Interruption Loan Scheme]] (CLBILS)		*[[Coronavirus Large Business Interruption Loan Scheme]] (CLBILS)
	*[[COVID-19]]
	*[[COVID-19 Corporate Financing Facility]]		*[[COVID-19 Corporate Financing Facility]]
	*[[Disaster recovery planning]]		*[[Disaster recovery planning]]

imported>Doug Williamson: Create page. Source: ACT blog https://www.treasurers.org/hub/blog/covid-19-march-2021

2021-03-10T23:34:46Z

Create page. Source: ACT blog https://www.treasurers.org/hub/blog/covid-19-march-2021

New page

''COVID-19 - business continuity - UK.''

(RLS).

The Recovery Loan Scheme replaces the CLBILS, CBILS and Bounce Back schemes.

Under the RLS UK businesses of any size can apply for a loan or overdraft between £25,000 and £10m until the end of 2021.

Asset and invoice finance between £1,000 and £10m are also be available.

All will have a Government guarantee of 80 per cent.

Finance terms are up to six years for term loans and asset finance facilities.

For overdrafts and invoice finance, terms will be up to three years.

No personal guarantees will be taken on facilities up to £250,000 and, as before, a borrower’s principal private residence cannot be taken as security.

The RLS runs from April 6, 2021 until December 31, 2021, subject to review.

Like CBILS and the Bounce Back Loans, these the RLS is available through a network of accredited lenders.

==See also==
*[[Asset finance]]
*[[Bounce Back Loan Scheme]]
*[[British Business Bank]]
*[[Business continuity plan]]
*[[Contingency plan]]
*[[COPD]]
*[[Coronavirus]]
*[[Coronavirus Business Interruption Loan Scheme]] (CBILS)
*[[Coronavirus Job Retention Scheme]]
*[[Coronavirus Large Business Interruption Loan Scheme]] (CLBILS)
*[[COVID-19]]
*[[COVID-19 Corporate Financing Facility]]
*[[Disaster recovery planning]]
*[[Financial stability]]
*[[Guarantee]]
*[[Invoice finance]]
*[[Liquidity management]]
*[[Overdraft]]
*[[Stranded middle]]
*[[Term loan]]

==Resources for COVID-19==
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]

[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]

[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Trade_finance]]