Bn and Coronavirus Large Business Interruption Loan Scheme: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Create page. Source: UK Business support webpage https://www.businesssupport.gov.uk/coronavirus-large-business-interruption-loan-scheme/) |
||
| Line 1: | Line 1: | ||
''Business continuity - pandemic - UK.'' | |||
(CLBILS). | |||
The CLBILS is designed to provide UK government guarantees of 80% to enable banks to make loans of up to £25m, offered to firms with a turnover of between £45m and £500m 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 between £45 million and £500 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== | |||
*[[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: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 21:40, 8 April 2020
Business continuity - pandemic - UK.
(CLBILS).
The CLBILS is designed to provide UK government guarantees of 80% to enable banks to make loans of up to £25m, offered to firms with a turnover of between £45m and £500m 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 between £45 million and £500 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
- 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
