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Nearly half of small businesses do not intend to repay government loans

Nearly half of small businesses that have taken out government emergency coronavirus loans do not intend to repay them.

Nearly half of small businesses do not intend to repay government loans
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  • Shared by Small Business
  • May 26, 2020
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Forty-three per cent of businesses that have taken out either Bounce Back Loans or Coronavirus Business Interruption Loans say they do not believe the government will chase the debt, or that they will be unable to repay the loan, according to the Business Banking Resolution Service.

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