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United Kingdom · Question · Written question

UIN 41396

Coronavirus Business Interruption Loan Scheme

answeredUnited Kingdom· UK Parliament· EN

Introduced

29 April 2020

Last action

11 May 2020 · Answer

Status

Answered

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Discovery layer

Source updated

11 May 2020

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to ensure that the British Business Bank's Borrower Viability Test does not prevent otherwise viable businesses from accessing the Coronavirus Business Int

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 April 2020

    Written question

    To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to ensure that the British Business Bank's Borrower Viability Test does not prevent otherwise viable businesses from accessing the Coronavirus Business Int

    Source: Commons

  2. 11 May 2020

    Answer

    In order for a business to be eligible for the CBILS, it must be considered “viable” by the lender prior to the onset of COVID-19. The lender must consider that the applicant (or its business group) has a viable business proposition determined by the lend...

    Source: Written answer

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