Common Contracts
1 similar Broker Agreement contracts
BROKER AGREEMENTBroker Agreement • June 20th, 2020
ORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS) CORONAVIRUS LARGE BUSINESS INTERRUPTION LOAN SCHEME (CLBILS) FUTURE FUND TO SUPPORT INNOVATIVE UK BUSINESSES For smaller businesses with a turnover of less than £45m Looking for up to £5m in finance Business loans, overdrafts, invoice finance & asset finance available First 12 months of interest and lender-levied fees covered More than 40 accredited lenders For larger businesses with a turnover of more than £45m Looking for up to £50m in finance (depending on turnover) Business loans, overdrafts, invoice finance & asset finance available Repayment terms of up to three years At least 10 accredited lenders Intention of launching for applications in May 2020 Initial commitment of £250m of new government funding Unlocked by private investment on a match-funded basis For businesses that typically rely on equity investment Government scheme developed in partnership with the British Business Bank
