New Coronavirus loans scheme for mid-sized and larger firms

Companies will annual revenues of more than £45m will from Monday be able to access a new UK Government backed loans scheme.

Chancellor Rishi Sunak said companies can apply for the loans from lenders accredited through the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

Like the already established Coronavirus Business Interruption Loan Scheme (CBILS), which provides finance up to…

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