Coronavirus business loans: Less than half approved

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Coronavirus business loans double, but only half approved

Banks have agreed less than half of applications made under the government's Coronavirus Business Interruption Loan Scheme .

"Bank staff are working hard to help viable businesses access the support they need to get them through these challenging times," according to UK Finance the lobby group which collates the figures. More reforms are needed, said Tej Parikh, chief economist at the Institute of Directors, Britain's oldest business lobby group.

 

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Why are BBC news with Chinese officials so nice but when its Hungary they weren't?

A Word from a Actual Medical Professional about COVID-19

Yeah bit like the homes for homeless unless you were conveniently dumped on your family again before the lockdown..fraud & abuse of power ruining lives!

And I bet that half has been somewhat exaggerated 😬

hallamtweets 'Only a small part of the £330 billion Mr Sunak has set aside to guarantee loans has been tapped into so far' So, the daft question is, if £330bn has been set aside and lets be generous say £4bn has been 'approved' where is the rest?

Banks will be viewing these loans as an opportunity for foreclosures and property grabs further down the line.globalrestructuringgroup

The simple answer. Government needs to give businesses guidance on social distancing so they can prepare to re open where possible. It is clear that some businesses have given up on waiting for the Govt and are doing it themselves.

My bank doesn’t offer CBILS,so I’ve applied thru NatWest,but they insist I must have a business acct,15 working days is their timescale to open it, I’ve been waiting 19 & they’ve told me it will take another 7-14. I’m glad they didn’t need my money back in 2008, hang on they did

Well,You can't throw all of proper credit analyze out the window.

Why is the Anti British BBC airing Chinese propaganda. BBCscum

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