Question: What is the purpose of the Business Interruption Loan Scheme and how does it operate?

Answer passage (source: UK):
page_title: Guidance Apply for the Coronavirus Business Interruption Loan Scheme
section_headers: How long the loan is for
section_content: The maximum length of the facility depends on the type of finance you apply
for and will be:

up to 3 years for overdrafts and invoice finance facilities
up to 6 years, for loans and asset finance facilities


Reviewer feedback on this answer:
This answer is bad because it does not talk about the purpose of the loan and how it operates.
This is a bad answer because it provides no information about what the business loan scheme is, or what it really does. Therefore, this answer does not answer the question. It only talks about the types of financing available.

Reviewer ratings:
Bad
Bad

Answer passage (source: UK):
page_title: Guidance Coronavirus (COVID-19): financial support for education, early years and children’s social care
section_headers: Funding and financial support for businesses
Coronavirus (COVID-19) Business Interruption Loan Scheme
section_content: 
the Coronavirus Business Interruption Loan Scheme will help to support long-term viable businesses which may need to respond to cash-flow pressures as a result of the virus by seeking additional finance
the scheme supports SMEs with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years
the scheme is administered by commercial lenders, designed for UK-based organisations not classified as public sector
read more about the scheme and how to apply


Reviewer feedback on this answer:
This answer satisfies the question because it talks about the purpose, how it operates and provides a link to apply.
This is an excellent answer because it describes what the business loan scheme is in a brief yet helpful manner. Therefore, this does answer the question.

Reviewer ratings:
Excellent
Excellent

Answer passage (source: UK):
page_title: Guidance Coronavirus (COVID-19): financial support for education, early years and children’s social care
section_headers: Funding and financial support for businesses
Coronavirus (COVID-19) Large Business Interruption Loan Scheme
section_content: 
the Coronavirus Large Business Interruption Loan Scheme (CLBILS) is a government-backed loan scheme administered by commercial lenders
viable UK-based businesses, with a turnover of more than £45 million per year, will be able to apply for up £25 million of finance. Firms with a turnover of more than £250 million will be able to apply for up to £50 million of finance
loans backed by a guarantee under CLBILS will be offered at commercial rates of interest
read more about the scheme and how to apply

*[CLBILS]: Coronavirus Large Business Interruption Loan Scheme

Reviewer feedback on this answer:
This answer is acceptable because it talks about the loan, its purpose and provides a link to apply.
This is an excellent answer because it provides a brief yet informative answer as to what the business loan scheme is, how much money is lends, and who it is for. Therefore, this fully answers the question.

Reviewer ratings:
Acceptable
Excellent