Backed by a UK Government guarantee, Barclays will provide lending of up to £50 million for firms with a turnover of over £250 million, and of up to £25 million for businesses with turnover from £45 million up to £250 million in order to help support them through issues associated with COVID-19. The type of lending available includes term loans and revolving credit facilities of up to 3 years (subject to credit approval), with a minimum facility term of 3 months.
