Tag Archives: business interruption loans

NewsHound

Lib Dems lead cross-party call for clarity on coronavirus loan scheme

By NewsHound | Mon 27th April 2020 - 2:23 pm

The Liberal Democrats are leading a cross-party call for the Business Secretary to provide clearer guidance to lenders regarding Business Interruption Loans, following reports that lenders have been slow to approve loans to struggling businesses due to extensive due diligence processes.

Liberal Democrat MP Wera Hobhouse has been joined by over 20 MPs from across the political spectrum in writing to the Business Secretary to call for the additional guidance.

The letter asks that the Government sets out the “minimum level of due diligence required” to underwrite loans, criteria which would enable lenders to process applications at a faster pace. …

Continue reading »
Posted in Press releases | Also tagged , and | 2 Comments
Advert



Recent Comments

  • Ken Westmoreland
    The irony is that those voting in such a referendum would include the very people who would be disenfranchised, a case of turkeys taking part in a vote on Chris...
  • David Rogers
    Thanks Mary for drawing attention to the u3a, and for drawing attention to the parallels with that extract from the preamble to the constitution. But we should ...
  • Peter Martin
    Tristan, I notice, you're not actually naming names. The points you mention are largely policies on which Labour MPs have changed their opinions from what...
  • Tristan Ward
    "Which of them would the LIb Dems refuse admission to in the, admittedly somewhat unlikely, event they wanted to quit Labour?" The ones that think a classes'...
  • Peter Martin
    I'm not sure what Christine Jardine can say against Wes Streeting or any other pro Starmer Labour MP at the moment. There may seem to be some obvious differ...