imported>Doug Williamson |
imported>Doug Williamson |
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| ''COVID-19 - business continuity - UK.''
| | The key short-term investment principles and prioritisation of: |
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| (RLS).
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| The Recovery Loan Scheme replaces the CLBILS, CBILS and Bounce Back schemes.
| | <b>S</b>ecurity |
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| 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.
| | <b>L</b>iquidity and |
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| Asset and invoice finance between £1,000 and £10m are also be available.
| | <b>Y</b>ield |
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| All will have a Government guarantee of 80 per cent.
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| | This ordering of the principles and considerations is fundamentally important. |
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| Finance terms are up to six years for term loans and asset finance facilities.
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| For overdrafts and invoice finance, terms will be up to three years.
| | The safety and security of the funds invested are always the first priority. |
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| 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.
| | Yield is the least important of the three considerations. |
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| The RLS runs from April 6, 2021 until December 31, 2021, subject to review.
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| Like CBILS and the Bounce Back Loans, these the RLS is available through a network of accredited lenders.
| | == See also == |
| | *[[Security]] |
| | *[[Liquidity]] |
| | *[[Yield]] |
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| ==See also== | | ===Other links=== |
| *[[Asset finance]]
| | *[[Media:Risk and return.pdf| The Icelandic banking saga and English local authorities, UK Audit Commission, 2009]] |
| *[[Bounce Back Loan Scheme]]
| | *[[Media:2015_06_June_-_Safety_first.pdf| Safety first, The Treasurer, 2015]] |
| *[[British Business Bank]]
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| *[[Business continuity plan]]
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| *[[Contingency plan]]
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| *[[COPD]]
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| *[[Coronavirus]]
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| *[[Coronavirus Business Interruption Loan Scheme]] (CBILS)
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| *[[Coronavirus Job Retention Scheme]]
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| *[[Coronavirus Large Business Interruption Loan Scheme]] (CLBILS)
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| *[[COVID-19]]
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| *[[COVID-19 Corporate Financing Facility]]
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| *[[Disaster recovery planning]]
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| *[[Financial stability]]
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| *[[Guarantee]]
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| *[[Invoice finance]]
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| *[[Liquidity management]]
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| *[[Overdraft]]
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| *[[Stranded middle]]
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| *[[Term loan]]
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| ==Resources for COVID-19==
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| [https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19] | |
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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] | |
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| [https://www.gov.uk/coronavirus UK government: COVID-19 support hub]
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| [[Category:Accounting,_tax_and_regulation]] | |
| [[Category:The_business_context]]
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| [[Category:Corporate_finance]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Cash_management]]
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| [[Category:Financial_products_and_markets]]
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| [[Category:Liquidity_management]]
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| [[Category:Trade_finance]]
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