United Kingdom · Question · Written question
UIN 149356
Coronavirus Business Interruption Loan Scheme
Introduced
4 February 2021
Last action
9 February 2021 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
9 February 2021
Summary
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of deferring the first repayments of the Coronavirus Business Interruption Loan Scheme due in April 2021 in light of the ongoing financial pressures on businesse
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Timeline
4 February 2021
Written question
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of deferring the first repayments of the Coronavirus Business Interruption Loan Scheme due in April 2021 in light of the ongoing financial pressures on businesse
Source: Commons
9 February 2021
Answer
Under the Coronavirus Business Interruption Loan Scheme (CBILS) rules, capital repayments start immediately, unlike the Bounce Back Loan Scheme (BBLS) where no repayments are due from the business during the first 12 months of the facility. As a result, m...
Source: Written answer
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Sponsors
- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2021-02-04/149356
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1284115
- uk · wq-1284115 · source updated 9 February 2021