Exclusive: simply 2,000 firms that are UK coronavirus business loans
Simply 2,022 loans were made towards the UK’s tiny and medium-sized companies through the government’s coronavirus business lending scheme.
There has been around 300,000 applications up to now. Which means a paltry 0.65 % of enquiries have actually resulted in coronavirus loans.
The newest numbers, that have been published by industry human human body British Finance but obtained individually by City A.M., showed ВЈ291.9m was in fact lent at the time of via the coronavirus business interruption loan scheme (CBILS) yesterday.
You can find very nearly 6m tiny and medium-sized companies in great britain. They usually have month-to-month payroll expenses of roughly ВЈ41bn, relating to consultancy that is economic.
CBILS premiered on 23 March and provides loans to https://cashcentralpaydayloans.com/payday-loans-nh/ smaller businesses with return all the way to ВЈ45m. Businesses can access the income through a lot more than 40 authorized loan providers. And 80 percent of this loans are fully guaranteed by the federal government. Read more →