Coronavirus Large Business Interruption Loan Scheme

COVID-19 - business continuity - UK.

(CLBILS).

The CLBILS was 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 were impacted by COVID-19 and were unable to secure regular commercial financing.

To be eligible, a business had to:

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) believed will enable the borrower to trade out of any short-term to medium-term difficulty.

For new borrowings from April 2021 onward, CLBILS was superseded by the Recovery Loan Scheme (RLS).

See also

• Bounce Back Loan Scheme
• British Business Bank
• Business continuity plan
• Contingency plan
• Coronavirus
• Coronavirus Business Interruption Loan Scheme
• Coronavirus Job Retention Scheme
• COVID-19
• COVID-19 Corporate Financing Facility
• Disaster recovery planning
• Financial stability
• Liquidity management
• Recovery Loan Scheme (RLS)
• Stranded middle

Resources for COVID-19

ACT technical - COVID-19

UK government: support for businesses