United Kingdom · Question · Written question
UIN 64971
Coronavirus Business Interruption Loan Scheme
Introduced
25 June 2020
Last action
30 June 2020 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
30 June 2020
Summary
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether accredited Coronavirus Business Interruption Loan Scheme lenders are permitted to charge interest rates above 10 per cent for loans through that scheme.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
25 June 2020
Written question
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether accredited Coronavirus Business Interruption Loan Scheme lenders are permitted to charge interest rates above 10 per cent for loans through that scheme.
Source: Commons
30 June 2020
Answer
The Coronavirus Business Interruption Loan Scheme (CBILS) is being delivered by more than 90 accredited lenders operating across the market. Lenders of the CBILS are permitted to set interest rates above 10%. The interest rate charged on a CBILS facility ...
Source: Written answer
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Sponsors
- · Department for Business, Energy and Industrial Strategy · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2020-06-25/64971
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1217870
- uk · wq-1217870 · source updated 30 June 2020