UK Treasury extends CLBILS loan scheme to £200m

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By Silas Brown
19 May 2020

The Treasury announced on Tuesday an extension to the Coronavirus Large Business Interruption Loan Scheme (CLBILS). From May 26 certain businesses can apply for loans up to £200m under CLBILS but there are restrictions on dividend payouts and management pay rises.

The CLBILS scheme is intended for companies with a turnover higher than £45m but that fall beneath the Covid Corporate Financing Facility (CCFF). 

Companies can borrow up to 25% of their annual turnover, and the cap has risen from £50m to £200m. But for those looking to borrow ...

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