The Coronavirus Large Business Interruption Loan Scheme (CLBILS) opened on Monday 20 April 2020 to facilitate access to finance for medium-sized and larger businesses affected by the Coronavirus outbreak.
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) will be available for mid-sized and larger businesses.
To be eligible, you must be UK-based in your business activity, have an annual turnover of more than £45 million, have a borrowing proposal which the lender would consider viable, were it not for the current pandemic, and for which the lender believes the provision of finance will enable the business to trade out of any short-term to medium-term difficulty, self-certify that it has been adversely impacted by the coronavirus (COVID-19), not have received a facility under the Bank of England’s Covid Corporate Financing Facility (CCFF).
Businesses from any sector can apply, except for Credit institutions (falling within the remit of the Bank Recovery and Resolution Directive), insurers and reinsurers (but not insurance brokers), Building Societies, Public-sector bodies, Further-education establishments, if they are grant-funded and State-funded primary and secondary schools.
Full details of the scheme can be found here.