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United Kingdom · Question · Written question

UIN 41541

Coronavirus Business Interruption Loan Scheme

answeredUnited Kingdom· UK Parliament· EN

Introduced

29 April 2020

Last action

6 May 2020 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

6 May 2020

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to take steps to end the consideration by lenders of a business’s historic losses when conducting forward credit checks to assess Coronavirus Business Interruptio

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Timeline

  1. 29 April 2020

    Written question

    To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to take steps to end the consideration by lenders of a business’s historic losses when conducting forward credit checks to assess Coronavirus Business Interruptio

    Source: Commons

  2. 6 May 2020

    Answer

    A business is eligible for a loan under the Coronavirus Business Interruption Loan Scheme if:Its business’s activity is UK-based, with turnover of no more than £45 million per year;It has a borrowing proposal which, were it not for the current pandemic, w...

    Source: Written answer

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