Sector Regulation Sector Regulation

UK banks get full government guarantee for Covid-19 emergency loans to SMEs

By Fiona Maxwell
  • 27 Apr 2020 11:39
  • 27 Apr 2020 11:39

To help UK banks speed up emergency Covid-19 loans to small businesses, the government will fully guarantee that credit and allow lenders to expedite credit assessments of applicants, finance minister Rishi Sunak said today.

The new "bounce-back loan scheme" provides credit of up to 25 percent of turnover to SMEs,

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