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Larger business loan scheme opens

Large businesses can now apply to borrow up to 25% of their turnover, up to a maximum of £200 million

28 May 2020

Large businesses can now apply to borrow up to 25% of their turnover, up to a maximum of £200 million, through the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

Companies looking to borrow more than £50 million will also be subject to conditions aimed at restricting dividend payments, senior-level pay and share buy‐backs during the period of the loan.

For more information, visit www.eca.co.uk/business-recovery

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