CBILS amends for small business loans | News and Insights - LCCI
1 / 3
News Flash
    1/3Exploring Deglobalisation – Are We at a Turning Point?Exploring Deglobalisation – Are We at a Turning Point?Read more
    2/3Market Focus: TürkiyeMarket Focus: TürkiyeRead more
    3/3The Internationalisation Path for Women in BusinessThe Internationalisation Path for Women in BusinessRead more
London Chamber of Commerce and IndustryLondon Chamber of Commerce and Industry
Contact Us

LCCI welcome CBILS amends for small business loans

Friday 24 April 2020

Reacting to suggestion that the Chancellor is set to give 100% government guarantee for CBILS loans under £25,000, LCCI CEO Richard Burge said:

“The pace of CBILS lending has increased and that is welcomed. But many applications are still outstanding and the lending criteria of the British Business Bank and the banks is a block by many micro and small businesses seeking support.

“Small business will be encouraged to hear that the Chancellor is considering 100% guaranteed loans, as it will be a big boost to them. But time is short!”

ENDS