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2020-04-02 21:11:59| Guardian Unlimited Business - more business news

Original coronavirus scheme was fiddly, slow and rested too heavily on banks judgmentCoronavirus latest updatesSee all our coronavirus coverageWhat was wrong with the governments first version of its emergency loan package for small businesses? The problem is vividly illustrated by this statistic: only 983 companies have had loans approved so far. Thats versus 130,000 inquiries.The running totals released by the Treasury for the first time since the Coronavirus Business Interruption Loan Scheme, or CBILS, was launched on Monday last week support the loud complaints from small businesses in search of cash. The scheme was fiddly, slow and rested too heavily on banks judgments about eligibility. Continue reading...

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19.01 Faisal Islam: Global disruption looms large over biggest-ever Davos 18.01 Donald Trumps voice in a new Fannie Mae ad is generated by artificial intelligence, with his permission 18.01 'Europe won't be blackmailed,' Danish PM says in wake of Trump Greenland threats 18.01 Microsoft issues emergency fix after a security update left some Windows 11 devices unable to shut down 18.01 Jan 18, What To Do When You Miss a Goal | Goal Setting for Success 18.01 South Korea to negotiate with the US for favourable chip tariff terms, official says 18.01 Washington is the latest state pursuing an age verification law for porn sites 18.01 Report says business is booming in Lake County: We continue to see extensive growth More »