Blue collar worker and Coronavirus Large Business Interruption Loan Scheme: Difference between pages

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imported>Charles Cresswell
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imported>Doug Williamson
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A worker who performs manual labour.
''COVID-19 - business continuity - UK.''


== See also ==
(CLBILS).
* [[White collar worker]]


[[Category:Business_and_Operational_Risk]]
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]]
 
 
==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 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:

  1. Be UK-based in its business activity.
  2. Have an annual turnover over £45 million.
  3. Be unable to secure regular commercial financing.
  4. 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


Resources for COVID-19

ACT technical - COVID-19

UK government: support for businesses

UK government: COVID-19 support hub