Business Interruption Loan
The Coronavirus Large Business Interuption Loan Scheme (CLBILS) provides financial support to larger businesses affected by coronavirus.
Large businesses can apply for a maximum loan size from £50 million to £200 million to help ensure large firms which do not qualify for the Bank of England;s Covid Corporate Financing Facility (CCFF) .
The government guarantees 80% of the finance to the lender.
COVID-19 Corporate Financing Facility
The Government COVID-19 Corporate Financing Facility scheme helps large businesses affected by coronavirus (COVID-19) through the purchase of their short-term debt. The scheme is designed to support liquidity among larger firms, helping them to bridge coronavirus disruption through the purchase of short-term debt in the form of commercial paper. It will also support corporate finance markets overall and ease the supply of credit to all firms.
The scheme will support large companies affected by a short-term funding squeeze and allow to finance short-term liabilities. The scheme is delivered through commercial lenders, backed by the Bank of England and will operate for atlease 12 months.