Search results for "Coronavirus Large Business Interruption Loan Scheme (CLBILS) "

Recovery Loan Scheme – FAQs

What is the Recovery Loan Scheme (RLS)? What are the key features of RLS? Am I eligible? How do I apply? When will the scheme be accessible? Which products are available under RLS? How much can I apply for? What term can I borrow this over? What can an RLS facility be used for? What […]

Data Reporting

CHANGES TO PRIVACY NOTICES FOR THE DEPARTMENT FOR BUSINESS, ENERGY AND INDUSTRIAL STRATEGY (BEIS) AND BRITISH BUSINESS BANK PLC (BBB) QUESTIONS AND ANSWERS RELATING TO DATA REPORTING TO THE EUROPEAN COMMISSION AND THE UK GOVERNMENT Updated 28 April 2021 (in respect of Q5 only) 1.   What changes have been made to the BBB and BEIS […]

Budget 2021: British Business Bank Response

Catherine Lewis La Torre, Chief Executive, British Business Bank, said: “The Chancellor has confirmed the British Business Bank’s central role in the next phase of the UK’s economic recovery from Covid-19. As businesses begin to plan for the post-Covid period, they will need targeted finance to support them. We welcome today’s announcement of two new […]

Coronavirus loan schemes extended to 31 March 2021

More businesses will now be able to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS) and Bounce Back Loan Scheme top-ups. To date, the three schemes have supported a total of over 1.5m facilities to businesses, providing over £68 […]

Coronavirus loan schemes and Future Fund extended to 31 January 2021

The Prime Minister announced this afternoon that the government’s three Coronavirus business interruption loan schemes – the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBLS) – and the Future Fund will be extended to 31 January 2021. It was also announced that […]

British Business Bank confirms changes to ‘undertaking in difficulty’ guidance

To be eligible for these schemes, businesses previously had to demonstrate that they were not an ‘undertaking in difficulty’ – a requirement under EU State aid law – as of 31 December 2019. The definition of ‘undertaking in difficulty’ includes businesses that: had accumulated losses greater than half of their subscribed share capital (for limited […]

New Lenders accredited to British Business Bank Coronavirus Business Loan Schemes

365 Business Finance, FOLK2FOLK, Handelsbanken, LendingCrowd, Maxxia, and Nucleus Commercial Finance to join over 90 existing CBILS accredited lenders Close Brothers, ThinCats and HSBC Bank plc accredited under CLBILS Coutts and Arbuthnot Latham accredited to Bounce Back Loan Scheme (BBLS) Today the British Business Bank has announced that it has approved six new lenders for […]

Changes to Coronavirus Large Business Interruption Loan Scheme from 26 May

The scheme facilitates access to finance for mid-sized and larger businesses with a group turnover of more than £45m affected by the coronavirus outbreak. The maximum amount available through CLBILS to a borrower and its group has now increased from £50m to £200m. Term loans and revolving credit facilities over £50m will be offered by […]

British Business Bank announces four new lenders under the Coronavirus Business Interruption Loan Scheme

Allied Irish Bank (GB)/AIB (NI), ThinCats, Paragon Bank and IGF to join 48 existing CBILS accredited lenders 10 lenders also accredited through Coronavirus Large Business Interruption Loan Scheme Today the British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), which provides financial […]

Coronavirus Large Business Interruption Loan Scheme (CLBILS)

CLBILS closed for new applications on 31 March 2021. About the scheme The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provided finance to mid-sized and larger UK businesses with a group turnover of more than £45 million (the upper limit for CBILS, which focused on smaller businesses) that were suffering disruption to their cashflow due to […]