April 2020 / 29 posts found
Businesses still struggling to access coronavirus loan scheme, says BCC
Only two per cent of businesses have successfully managed to access the government’s coronavirus business interruption loan scheme (CBILS), according to a survey published today. Nine per cent of respondents to the survey by the British Chamber of Commerce (BCC) said they were unsuccessful with slow or no response from lenders the main reason cited. Read more: RBS pays out 70 per cent of government coronavirus loans The BCC said: “This suggests firms could still be having difficulty accessing the support through banks, despite the announcements on 2 April designed to simplify and speed up the CBILS process.” A survey […]