Coronavirus Business Interruption Loan Scheme: A need for a greater scale

As the Covid-19 outbreak continues to impact businesses of all sizes and all industries in the UK, Rishi Sunak’s announcement of a stimulus package designed to protect businesses impacted by Covid-19 has been largely welcomed. Among the announcements was that of a new temporary Coronavirus Business Interruption Loan Scheme (CBIL) which will be fulfilled through the Enterprise Finance Guarantee (EFG) and will allow SMEs to apply for support loans of up to £5 million in value.

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