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New flexibility for PE-backed businesses to access financial support schemes
The Coronavirus Business Interruption Loan Scheme (“CBILs”) and the Coronavirus Large Business Interruption Loan Scheme (“CLBILs”) were introduced by the UK Government as part of its financial support measures designed to help businesses weather the economic impact of the COVID-19 pandemic. Both schemes have the UK Government guaranteeing commercial loans from accredited private lenders to eligible businesses.