Confidential information and Recovery Loan Scheme: Difference between pages

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Information that is not in the public domain and is only available to approved individuals or parties.  
''COVID-19 - business continuity - UK.''


(RLS).


Confidential information is not to be shared with other participants except in specific and agreed circumstances.
The UK's temporary Recovery Loan Scheme replaced the CLBILS, CBILS and Bounce Back schemes.  


Designated confidential information is where the parties involved agree to a higher standard of non-disclosure which may be formalised in a written non-disclosure agreement (NDA) or similar confidentiality agreement.  
For new applications, the RLS ran from April 6, 2021 until 30 June 2022.
 
 
Under the RLS UK businesses of any size could apply for a loan or overdraft between £25,000 and £10m.
 
Asset and invoice finance between £1,000 and £10m was also available.
 
All had a Government guarantee of 80 per cent.
 
 
Finance terms were up to six years for term loans and asset finance facilities.
 
For overdrafts and invoice finance, terms were up to three years.
 
No personal guarantees were taken on facilities up to £250,000 and a borrower’s principal private residence could not be taken as security.
 
 
Like CBILS and the Bounce Back Loans, the RLS was available through a network of accredited lenders.




==See also==
==See also==
* [[Confidentiality]]
*[[Asset finance]]
* [[Market abuse]]
*[[Bounce Back Loan Scheme]]
* [[Provision of information]]
*[[British Business Bank]]
* [[Public domain]]
*[[Business continuity plan]]
*[[Contingency plan]]
*[[Coronavirus]]
*[[Coronavirus Business Interruption Loan Scheme]] (CBILS)
*[[Coronavirus Job Retention Scheme]]
*[[Coronavirus Large Business Interruption Loan Scheme]] (CLBILS)
*[[COVID-19 Corporate Financing Facility]]
*[[Disaster recovery planning]]
*[[Financial stability]]
*[[Guarantee]]
*[[Invoice finance]]
*[[Liquidity management]]
*[[Overdraft]]
*[[Stranded middle]]
*[[Term loan]]
 
 
==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:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Trade_finance]]

Revision as of 15:42, 7 July 2022

COVID-19 - business continuity - UK.

(RLS).

The UK's temporary Recovery Loan Scheme replaced the CLBILS, CBILS and Bounce Back schemes.

For new applications, the RLS ran from April 6, 2021 until 30 June 2022.


Under the RLS UK businesses of any size could apply for a loan or overdraft between £25,000 and £10m.

Asset and invoice finance between £1,000 and £10m was also available.

All had a Government guarantee of 80 per cent.


Finance terms were up to six years for term loans and asset finance facilities.

For overdrafts and invoice finance, terms were up to three years.

No personal guarantees were taken on facilities up to £250,000 and a borrower’s principal private residence could not be taken as security.


Like CBILS and the Bounce Back Loans, the RLS was available through a network of accredited lenders.


See also


Resources for COVID-19

ACT technical - COVID-19

UK government: support for businesses

UK government: COVID-19 support hub