uk iconUK

 

 

 

Banks not cooperating with coronavirus loan, complain small businesses

Banks have been asking small businesses either for personal guarantees to qualify for the government Coronavirus Business Interruption Loan or directing them towards standard loans with high interest rates.

Banks not cooperating with coronavirus loan, complain small businesses
smsfadviser logo
government Coronavirus Business Interruption Loan

Small businesses complain that high-street banks are not entering into the spirit of the government emergency coronavirus loan, pushing them towards expensive products instead.

Read more at Small Business

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox