CBILS Update - UK Finance Announcement

The UK’s seven largest small business lenders have taken a positive step and relaxed evidence requirements for applications to the existing Coronavirus Business Interruption Loan Scheme.

To speed up the provision of finance to small and medium-sized businesses under CBILS, the largest seven SME lenders (Barclays Bank UK, Danske Bank, HSBC, Lloyds Bank, NatWest, Santander and Virgin Money) have stated that rather than relying on businesses providing forecasts and business plans in applications, lenders will use their own information to assess business viability

 

To read the full statement from UK Finance, visit https://www.ukfinance.org.uk/press/press-releases/uk-finance-issues-joint-statement-behalf-seven-largest-sme-lenders

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