Coronavirus Large Business Interruption Loan Scheme (CLBILS) – Become a CLBILS accredited lender

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The Coronavirus Large Business Interruption Loan Scheme (CLBILS) facilitates access to finance for medium-sized and larger businesses affected by the coronavirus outbreak.

Registering your interest

The British Business Bank operates the Coronavirus Large Business Interruption Loan Scheme (CLBILS) via its accredited lenders.

If you’re interested in becoming an accredited lender for the scheme, please read this guidance document first.

You can register your interest with the British Business Bank by:

Lenders wishing to offer a scheme facilities for an amount greater than £50m and equal to or less than £200m will need additional accreditation. The lender will generally be expected to have permission to use the Internal Ratings Based (IRB) approach, approved for corporate lending at this scale.

Finance products

As of 26 May, the maximum amount available through CLBILS to a borrower and its group has now increased from £50m to £200m.  This can be in the form of the following:

  • Term loan
  • Revolving credit facility (overdrafts)
  • Invoice finance
  • Asset finance

Term loans and revolving credit facilities over £50m will be offered by CLBILS lenders which have secured additional accreditation.

The maximum size for invoice finance and asset finance facilities remains at £50m[1].

Companies borrowing more than £50m through CLBILS will be subject to further restrictions on dividend payments, senior pay and share buy-backs during the period of the loan.

Further information on the changes introduced on 26 May, including new provisions on seniority of CLBILS facilities can be found in the CLBILS FAQs for businesses.

The scheme gives the lender a government-backed partial guarantee (80%) against the outstanding balance of the facility.

Under the scheme, lenders will not take personal guarantees of any form for facilities below £250,000.

For facilities above £250,000, personal guarantees may still be required, but claims cannot exceed 20% of losses after all other recoveries have been applied.

Eligible businesses

Only businesses that meet certain criteria will qualify for CLBILS. Visit our businesses and advisors page to learn more.

Frequently Asked Questions

We appreciate you might have questions about CLBILS and how it operates.

Visit our FAQs page to learn more.

Other programmes

As well as CLBILS, the British Business Bank and its subsidiaries also run other programmes that may be of interest to providers of debt finance.

For more information on these, see the ‘Our programmes’ tab at the top of this page.

 

[1] Borrowers may be able to access additional facilities from separate accredited lenders provided they do not in aggregate exceed the maximum amount applicable to that borrower. Please note that the additional finance may mean the borrower must abide to the additional restrictions noted above.