Coronavirus Large Business Interruption Loan Scheme (CLBILS)
The Treasury have announced new Coronavirus Large Business Interruption Loan Scheme (CLBILS) for larger businesses excluded from the CBILS. It will provide a government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million.
Loans backed by a guarantee under CLBILS will be offered at commercial rates of interest and further details of the scheme will be announced later this month.
If you have concerns or questions, please contact us on 01932 830664 or through your usual client partner contact. As further details are announced, we will keep you informed.
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