Coronavirus Large Business Interruption Loan Scheme and EFG: Difference between pages

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imported>Doug Williamson
(Update for Recovery Loan Scheme. Source: ACT blog https://www.treasurers.org/hub/blog/covid-19-march-2021)
 
imported>Doug Williamson
m (Added more space)
 
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''COVID-19 - business continuity - UK.''
''UK''


(CLBILS).
The UK government's Enterprise Finance Guarantee.


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.
The loan guarantee scheme guarantees the lender for up to 75% of advances under a loan to or invoice financing arrangement for smaller businesses. The advance remains an obligation of the borrower to the lender. The purpose of the scheme is to facilitate lending to viable businesses that have been turned down for a normal commercial loan due to a lack of security or a proven track record.




To be eligible, a business must:
==Other links==


#Be UK-based in its business activity.
* https://www.gov.uk/understanding-the-enterprise-finance-guarantee
#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For new borrowings from April 2021 onward, CLBILS is superseded by the Recovery Loan Scheme (RLS).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 08:56, 22 August 2014

UK

The UK government's Enterprise Finance Guarantee.

The loan guarantee scheme guarantees the lender for up to 75% of advances under a loan to or invoice financing arrangement for smaller businesses. The advance remains an obligation of the borrower to the lender. The purpose of the scheme is to facilitate lending to viable businesses that have been turned down for a normal commercial loan due to a lack of security or a proven track record.


Other links

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