It has been confirmed that Coronavirus Large Business Interruption Loan Scheme (CLBILS) will launch today.
• All viable businesses with turnover of more than £45m will be able to apply for CLBILS.
• Firms with turnover of between £45 million and up to £250 million can borrow up to £25 million.
• Firms with turnover of more than £250 million can borrow up to £50 million.
• Facilities will be available from 3 months up to 3 years.
• CLBILS will be available through a range of British Business Bank accredited lenders.