This British Business Bank-backed scheme is designed to support UK based small and medium-sized businesses that have a turnover of more than £45m and that can demonstrate they were viable before the COVID-19 pandemic. Click here if your business has a turnover of less than £45m.
The Coronavirus Large Business Interruption Loan Scheme 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.
Loans from £500,000 to £50m
You can apply for a loan between £500,000 and £50m
Flexible terms available
Spread repayments of your loan from three months to three years
Limited time to apply
This scheme currently runs to 20 October 2020
The eligibility criteria specified by the British Business Bank states that this scheme is open to businesses
You may also be able to get a loan from another accredited lender on the scheme (full list here).