The Coronavirus Large Business Interruption Loan scheme is coming to an end, so you’ll need to start your application on or before 31st January 2021. To discuss the scheme and your application, you will need to speak with your relationship manager directly.
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides finance to mid-sized and larger businesses – with a group turnover exceeding £45m - that are suffering disruption to their cashflow due to lost or deferred revenues during the Covid-19 outbreak.
The maximum aggregate loan amount available through CLBILS is £200m – however the maximum amount that Clydesdale Bank can provide individually to a business (or group) is a term loan (or loans) of £50m. Loans above £50m from one lender and/or other types of loans can only be provided by lenders with additional accreditation.
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and industrial Strategy (BEIS). British Business Bank plc is wholly owned by HM Government and is not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). Full details on CLBILS and the list of participating CLBILS lenders can be found on the British Business Bank website
As with any other commercial transaction, the borrower is always responsible for repayment of the full value of any facility supported by CLBILS.
The guarantee is to the lender, and not the business.
How to apply
Speak to your Clydesdale Bank relationship manager about how to apply for a CLBILS loan.
Coronavirus Business Interruption Loan Scheme
If your business (or group, if applicable) turnover is less than £45m, you may wish to look at the CBIL Scheme.
Frequently asked questions
We understand you might be worried about the financial impact of coronavirus on your business and we’re here to help.
The British Business Bank has addressed frequently asked questions here.
Managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy & Industrial Strategy. British Business Bank plc is a development bank wholly owned by HM Government. It is not authorised or regulated by the PRA or the FCA. Visit British Business Bank website.
If you need to speak to us about a new or existing application, please call us or contact your relationship manager
Available Monday - Friday 8.00am - 6.00pm