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United Kingdom · Question · Written question

UIN 60192

Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme

answeredUnited Kingdom· UK Parliament· EN

Introduced

10 October 2022

Last action

18 October 2022 · Answer

Status

Answered

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Discovery layer

Source updated

18 October 2022

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has made a recent assessment of the potential impact of rising interest rates on the viability of loans made through the (a) Coronavirus Business Interrupti

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Timeline

  1. 10 October 2022

    Written question

    To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has made a recent assessment of the potential impact of rising interest rates on the viability of loans made through the (a) Coronavirus Business Interrupti

    Source: Commons

  2. 18 October 2022

    Answer

    For facilities provided under the Coronavirus Business Interruption Loan Scheme (CBILS), interest rates will depend on the specific loan agreements between a borrower and their lender. As with a bank’s normal commercial lending, borrowers on a variable in...

    Source: Written answer

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