Please note: The Government has recently extended the scheme and it is open for new applications until the 31 January 2021.
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides a government guarantee of 80% to enable banks to make loans of up to £25m to firms with an annual turnover of between £45m and £500m. Facilities backed by a guarantee under CLBILS will be offered at commercial rates of interest.
How do I access it?
The scheme is being made available through a series of accredited lenders, listed on the British Business Bank website, and firms are asked to apply through their lender’s website in the first instance.
Am I eligible?
You are eligible for the scheme if your business:
- is based in the UK and has an annual turnover of over £45 million
- has not received support under the Bank of England’s Covid-19 Corporate Financing Facility (CCFF)
To find out more about this scheme click here