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loans (1)

Gold Level Contributor

 

Tasnim Ghiawadwala, Head of Barclays UK Corporate Banking, said in the announcement, “Barclays is absolutely committed to supporting all businesses through this incredibly challenging period.  This welcome new scheme will enable us to provide vital funding to those businesses not currently eligible for the Coronavirus Business Interruption Loan scheme or the COVID-19 Corporate Finance Facility, but who contribute hugely to the UK economy.”

Barclays will offer lending as high as £50 million for companies with more than £250 million in turnover and as high as £25 million for companies with turnover ranging from £45 million to £250 million to support them with coronavirus-associated challenges. The lending encompasses term loans as revolving credit facilities of a maximum of three years subject to credit approval with a facility term of at least three months.

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