Angel News

Back to Homepage

1st June 2020

Lenders fund £27.5bn of coronavirus business support

Lenders have approved £27.5bn of emergency finance to businesses during the coronavirus crisis with most coming from the bounce back loans scheme, government figures show, according to a report by Peer2Peer Finance News. Treasury data as of 24 May showed more than 650,000 businesses have accessed coronavirus-linked finance schemes. The coronavirus business interruption loans scheme (CBILS), which launched in April offering loans worth up to £5m, has provided £8.1bn of finance to 43,045 businesses out of 84,607 applications. This is an approval rate of 50.8 per cent.


Register / Login now to read full story

In order to read the full story we need you to be registered with us, please click the links below to login or register.

Login / Register

Add a comment:




Enter the characters in the image shown:

Back to Homepage