Coronavirus Business Interruption Loan Scheme - Revision history

imported>Doug Williamson: Update.

2022-12-30T21:25:01Z

Update.

← Older revision		Revision as of 21:25, 30 December 2022
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	To be eligible for support via CBILS, the small business ~~must~~:		To be eligible for support via CBILS, the small business had to:

	*Be UK based, with annual turnover of no more than £45 million.		*Be UK based, with annual turnover of no more than £45 million.

imported>Doug Williamson: Add abbreviation.

2022-12-28T12:58:15Z

Add abbreviation.

← Older revision		Revision as of 12:58, 28 December 2022
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	*[[Financial stability]]		*[[Financial stability]]
	*[[Liquidity management]]		*[[Liquidity management]]
	* [[Recovery Loan Scheme]]		* [[Recovery Loan Scheme]] (RLS)
	*[[Stranded middle]]		*[[Stranded middle]]

imported>Doug Williamson: Remove surplus link.

2022-12-28T12:35:17Z

Remove surplus link.

← Older revision		Revision as of 12:35, 28 December 2022
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	[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]		[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]

	~~[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]~~

	[[Category:The_business_context]]		[[Category:The_business_context]]

imported>Doug Williamson: Update.

2022-12-28T06:32:56Z

Update.

← Older revision		Revision as of 06:32, 28 December 2022
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	The CBILS provided the lender with a UK government-backed guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.		The CBILS provided the lender with a UK government-backed guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.

	The UK government also ~~pays~~ the first 12 months of interest payments, enabling businesses to benefit from lower initial repayments. The business ~~remains~~ liable for repayments of the capital.		The UK government also paid the first 12 months of interest payments, enabling businesses to benefit from lower initial repayments. The business remained liable for repayments of the capital.

	The maximum value of a facility provided under the scheme was £5 million.		The maximum value of a facility provided under the scheme was £5 million.

imported>Doug Williamson: Update.

2022-12-28T06:32:19Z

Update.

← Older revision		Revision as of 06:32, 28 December 2022
Line 29:		Line 29:


	For new borrowings from April 2021 onward, CBILS is superseded by the Recovery Loan Scheme (RLS).		For new borrowings from April 2021 onward, CBILS was superseded by the Recovery Loan Scheme (RLS).

imported>Doug Williamson: Updated for closure of scheme.

2021-08-19T15:00:59Z

Updated for closure of scheme.

← Older revision		Revision as of 15:00, 19 August 2021
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	(CBILS).		(CBILS).

	The CBILS is provided by the UK government owned British Business Bank through participating providers.		The CBILS was provided by the UK government owned British Business Bank through participating providers.

	It ~~offers~~ more attractive terms for both businesses applying for new facilities and lenders, with the aim of supporting the continued provision of finance to UK businesses during the Covid-19 outbreak.		It offered more attractive terms for both businesses applying for new facilities and lenders, with the aim of supporting the continued provision of finance to UK businesses during the Covid-19 outbreak.

	The CBILS provided the lender with a UK government-backed guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.		The CBILS provided the lender with a UK government-backed guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.
Line 11:		Line 11:
	The UK government also pays the first 12 months of interest payments, enabling businesses to benefit from lower initial repayments. The business remains liable for repayments of the capital.		The UK government also pays the first 12 months of interest payments, enabling businesses to benefit from lower initial repayments. The business remains liable for repayments of the capital.

	The maximum value of a facility provided under the scheme is £5 million.		The maximum value of a facility provided under the scheme was £5 million.


	CBILS ~~supports~~ a wide range of business finance products, including:		CBILS supported a wide range of business finance products, including:

	*Term facilities		*Term facilities

imported>Doug Williamson: Rationalise links.

2021-03-11T10:30:56Z

Rationalise links.

← Older revision		Revision as of 10:30, 11 March 2021
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	*[[Business continuity plan]]		*[[Business continuity plan]]
	*[[Contingency plan]]		*[[Contingency plan]]
	*[[COPD]]
	*[[Coronavirus]]		*[[Coronavirus]]
	*[[Coronavirus Job Retention Scheme]]		*[[Coronavirus Job Retention Scheme]]
	*[[Coronavirus Large Business Interruption Loan Scheme]]		*[[Coronavirus Large Business Interruption Loan Scheme]]
	*[[COVID-19]]
	*[[COVID-19 Corporate Financing Facility]]		*[[COVID-19 Corporate Financing Facility]]
	*[[Disaster recovery planning]]		*[[Disaster recovery planning]]
	*[[Financial stability]]		*[[Financial stability]]
	*[[Liquidity management]]		*[[Liquidity management]]
			* [[Recovery Loan Scheme]]
	*[[Stranded middle]]		*[[Stranded middle]]
	*[[WFH]]

imported>Doug Williamson: Layout.

2021-03-11T09:21:57Z

Layout.

← Older revision		Revision as of 09:21, 11 March 2021
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	*[[Stranded middle]]		*[[Stranded middle]]
	*[[WFH]]		*[[WFH]]


	==Resources for COVID-19==		==Resources for COVID-19==

imported>Doug Williamson: Update for Recovery Loan Scheme. Source: ACT blog https://www.treasurers.org/hub/blog/covid-19-march-2021

2021-03-11T09:21:28Z

Update for Recovery Loan Scheme. Source: ACT blog https://www.treasurers.org/hub/blog/covid-19-march-2021

← Older revision		Revision as of 09:21, 11 March 2021
Line 3:		Line 3:
	(CBILS).		(CBILS).

	The CBILS ~~was be~~ provided by the UK government owned British Business Bank through participating providers.		The CBILS is provided by the UK government owned British Business Bank through participating providers.

	It ~~offered~~ more attractive terms for both businesses applying for new facilities and lenders, with the aim of supporting the continued provision of finance to UK businesses during the Covid-19 outbreak.		It offers more attractive terms for both businesses applying for new facilities and lenders, with the aim of supporting the continued provision of finance to UK businesses during the Covid-19 outbreak.

	The CBILS provided the lender with a UK government-backed guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.		The CBILS provided the lender with a UK government-backed guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.

	The UK government also ~~covered~~ the first 12 months of interest payments, enabling businesses to benefit from lower initial repayments. The business remains liable for repayments of the capital.		The UK government also pays the first 12 months of interest payments, enabling businesses to benefit from lower initial repayments. The business remains liable for repayments of the capital.

	The maximum value of a facility provided under the scheme ~~was~~ £5 million.		The maximum value of a facility provided under the scheme is £5 million.

imported>Doug Williamson: Update for Recovery Loan Scheme. Source: ACT blog https://www.treasurers.org/hub/blog/covid-19-march-2021

2021-03-11T09:17:08Z

Update for Recovery Loan Scheme. Source: ACT blog https://www.treasurers.org/hub/blog/covid-19-march-2021

← Older revision		Revision as of 09:17, 11 March 2021
Line 3:		Line 3:
	(CBILS).		(CBILS).

	The CBILS ~~will~~ be provided by the UK government owned British Business Bank through participating providers.		The CBILS was be provided by the UK government owned British Business Bank through participating providers.

	It ~~will offer~~ more attractive terms for both businesses applying for new facilities and lenders, with the aim of supporting the continued provision of finance to UK businesses during the Covid-19 outbreak.		It offered more attractive terms for both businesses applying for new facilities and lenders, with the aim of supporting the continued provision of finance to UK businesses during the Covid-19 outbreak.

	The CBILS ~~provides~~ the lender with a UK government-backed guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.		The CBILS provided the lender with a UK government-backed guarantee against the outstanding facility balance, potentially enabling a ‘no’ credit decision from a lender to become a ‘yes’.

	The UK government ~~will~~ also ~~cover~~ the first 12 months of interest payments, so businesses ~~will~~ benefit from lower initial repayments. The business remains liable for repayments of the capital.		The UK government also covered the first 12 months of interest payments, enabling businesses to benefit from lower initial repayments. The business remains liable for repayments of the capital.

	The maximum value of a facility provided under the scheme ~~will be~~ £5 million.		The maximum value of a facility provided under the scheme was £5 million.


Line 27:		Line 27:
	*Operate within an eligible industrial sector.		*Operate within an eligible industrial sector.
	*Be unable to meet a lender’s normal lending requirements for a fully commercial loan or other facility, but would be considered viable in the longer-term.		*Be unable to meet a lender’s normal lending requirements for a fully commercial loan or other facility, but would be considered viable in the longer-term.


			For new borrowings from April 2021 onward, CBILS is superseded by the Recovery Loan Scheme (RLS).