imported>Doug Williamson |
imported>Doug Williamson |
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| ''Business continuity - pandemic - UK.'' | | '''Op'''erating '''Ex'''penditure. |
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| (CBILS).
| | Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period. |
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| The CBILS will be provided by the UK government owned British Business Bank through participating providers.
| | Opex is contrasted with capital expenditure ('capex'). |
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| 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.
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| 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’.
| | == See also == |
| | | * [[Capitalise]] |
| 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.
| | * [[Capital expenditure]] |
| | | * [[Expenditure]] |
| The maximum value of a facility provided under the scheme will be £5 million.
| | * [[Revenue expenditure]] |
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| CBILS SUPPORTS A WIDE RANGE OF BUSINESS FINANCE PRODUCTS, INCLUDING:
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| *Term facilities
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| *Overdrafts
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| *Invoice finance facilities
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| *Asset finance facilities
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| TO BE ELIGIBLE FOR SUPPORT VIA CBILS, THE SMALL BUSINESS MUST:
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| *Be UK based, with annual turnover of no more than £45 million.
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| *Operate within an eligible industrial sector.
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| *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.
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| ==See also== | |
| *[[British Business Bank]] | |
| *[[Business continuity plan]] | |
| *[[Contingency plan]] | |
| *[[COPD]] | |
| *[[Coronavirus]]
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| *[[Coronavirus Job Retention Scheme]]
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| *[[COVID-19]]
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| *[[COVID-19 Corporate Financing Facility]]
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| *[[Disaster recovery planning]]
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| *[[Financial stability]]
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| *[[Liquidity management]]
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| *[[WFH]]
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| ==Resources for COVID-19==
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| [https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]
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| [https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]
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| [https://www.gov.uk/coronavirus UK government: COVID-19 support hub]
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| [[Category:The_business_context]]
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| [[Category:Corporate_finance]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]]
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