Blue collar worker and Coronavirus Large Business Interruption Loan Scheme: Difference between pages
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imported>Administrator (CSV import) |
imported>Doug Williamson (Update for Recovery Loan Scheme. Source: ACT blog https://www.treasurers.org/hub/blog/covid-19-march-2021) |
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''COVID-19 - business continuity - UK.'' | |||
(CLBILS). | |||
The CLBILS was 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 were impacted by COVID-19 and were 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. | |||
For new borrowings from April 2021 onward, CLBILS is superseded by the Recovery Loan Scheme (RLS). | |||
==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]] | |||
==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:Investment]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
Revision as of 09:18, 11 March 2021
COVID-19 - business continuity - UK.
(CLBILS).
The CLBILS was 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 were impacted by COVID-19 and were 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.
For new borrowings from April 2021 onward, CLBILS is superseded by the Recovery Loan Scheme (RLS).
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
