Further Support for UK Businesses
The Chancellor has this morning announced further support for businesses via the Coronavirus Business Interruption Loan Scheme. In summary:
- Current loan scheme extended so more small businesses can benefit
- Lenders banned from requesting personal guarantees on loans under ￡250,000
- New scheme announced to bolster support for larger firms not currently eligible for loans
The HMG Business Support website which has an FAQ on the scheme here.