Coronavirus Business Interruption Loan Scheme and Online: Difference between pages

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''Business continuity - pandemic - UK.''
1.  


(CBILS).
In the context of payment and settlement systems, this term may refer to the transmission of transfer instructions by users through such electronic means as computer-to-computer interfaces or electronic terminals, which are entered into a transfer processing system by automated means.


The CBILS will be provided by the UK government owned British Business Bank through participating providers.


It will offer more attractive terms for both businesses applying for new facilities and lenders, with the aim of supporting the continued provision of finance to UK businesses during the Covid-19 outbreak.
2.  


The CBILS provides the lender with a UK government-backed guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.  
The term may also refer to the storage of data by a transfer processing system on a computer database so that the user has direct access to the data (frequently in real time) through input/output devices such as terminals.


The UK government will also cover the first 12 months of interest payments, so businesses will benefit from lower initial repayments. The business remains liable for repayments of the capital.


The maximum value of a facility provided under the scheme will be £5 million.
3.  


More generally, connected to another computer or electronic terminal. 


CBILS SUPPORTS A WIDE RANGE OF BUSINESS FINANCE PRODUCTS, INCLUDING:
For example, connected to the internet.


*Term facilities
*Overdrafts
*Invoice finance facilities
*Asset finance facilities


4. ''Retail''.


TO BE ELIGIBLE FOR SUPPORT VIA CBILS, THE SMALL BUSINESS MUST:
Retail offerings to consumers via the internet, rather than in a physical shop.


*Be UK based, with annual turnover of no more than £45 million.
*Operate within an eligible industrial sector.
*Be unable to meet a lender’s normal lending requirements for a fully commercial loan or other facility, but would be considered viable in the longer-term.


 
== See also ==
==See also==
* [[Data]]
*[[British Business Bank]]
* [[Database]]
*[[Business continuity plan]]
* [[Offline]]
*[[Contingency plan]]
* [[Omnichannel]]
*[[COPD]]
*[[Coronavirus]]
*[[Coronavirus Job Retention Scheme]]
*[[COVID-19]]
*[[COVID-19 Corporate Financing Facility]]
*[[Disaster recovery planning]]
*[[Financial stability]]
*[[Liquidity management]]
*[[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:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Cash_management]]
[[Category:Investment]]
[[Category:Financial_products_and_markets]]
[[Category:Long_term_funding]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Latest revision as of 12:19, 13 July 2022

1.

In the context of payment and settlement systems, this term may refer to the transmission of transfer instructions by users through such electronic means as computer-to-computer interfaces or electronic terminals, which are entered into a transfer processing system by automated means.


2.

The term may also refer to the storage of data by a transfer processing system on a computer database so that the user has direct access to the data (frequently in real time) through input/output devices such as terminals.


3.

More generally, connected to another computer or electronic terminal.

For example, connected to the internet.


4. Retail.

Retail offerings to consumers via the internet, rather than in a physical shop.


See also

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