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United Kingdom · Question · Written question

UIN 38407

Coronavirus Business Interruption Loan Scheme

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

21 April 2020

Last action

5 May 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

5 May 2020

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assumptions a business should make on when they can resume trading so they can produce a meaningful budget and loan proposal when seeking a loan under the Coronavirus Busines

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Timeline

  1. 21 April 2020

    Written question

    To ask the Secretary of State for Business, Energy and Industrial Strategy, what assumptions a business should make on when they can resume trading so they can produce a meaningful budget and loan proposal when seeking a loan under the Coronavirus Busines

    Source: Commons

  2. 5 May 2020

    Answer

    The Government has now taken further steps to ensure that lenders have the confidence they need to process finance applications swiftly. We have changed the viability tests so lenders are only required to assess whether a business was viable pre-COVID-19....

    Source: Written answer

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