Coronavirus Large Business Interruption Loan Scheme: Difference between revisions
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(CLBILS). | (CLBILS). | ||
The CLBILS is designed to provide UK government guarantees of 80% to enable banks to make loans of up to | The CLBILS is designed to provide UK government guarantees of 80% to enable banks to make loans of up to £200m, offered to medium and large sized firms with a turnover of over £45m per annum that have been impacted by COVID-19 who are unable to secure regular commercial financing. | ||
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#Be UK-based in its business activity. | #Be UK-based in its business activity. | ||
#Have an annual turnover | #Have an annual turnover over £45 million. | ||
#Be unable to secure regular commercial financing. | #Be unable to secure regular commercial financing. | ||
#Have a borrowing proposal which the lender: | #Have a borrowing proposal which the lender: | ||
Revision as of 15:57, 23 December 2020
COVID-19 - business continuity - UK.
(CLBILS).
The CLBILS is designed to provide UK government guarantees of 80% to enable banks to make loans of up to £200m, offered to medium and large sized firms with a turnover of over £45m per annum that have been impacted by COVID-19 who are unable to secure regular commercial financing.
To be eligible, a business must:
- Be UK-based in its business activity.
- Have an annual turnover over £45 million.
- Be unable to secure regular commercial financing.
- Have a borrowing proposal which the lender:
- (a) would consider viable, were it not for the COVID-19 pandemic; and
- (b) believes will enable the borrower to trade out of any short-term to medium-term difficulty.
See also
- Bounce Back Loan Scheme
- British Business Bank
- Business continuity plan
- Contingency plan
- COPD
- Coronavirus
- Coronavirus Business Interruption Loan Scheme
- Coronavirus Job Retention Scheme
- COVID-19
- COVID-19 Corporate Financing Facility
- Disaster recovery planning
- Financial stability
- Liquidity management
- Stranded middle
- WFH
