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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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18.01 Europeans reeling as Trump imposes tariffs on 8 countries over Greenland dispute 18.01 The answer to AI in music isnt suppression. Its data 18.01 At one time, Illinois was a top oil producer. Today, that legacy is a $160M problem. 18.01 The worlds most iconic pen is now a giant lamp 18.01 Ahead of Market: 10 things that will decide stock market action on Monday 18.01 Today in Chicago History: Motorman ignores red light causing head-on train collision that kills 7 near Gary 18.01 BCCL IPO boosts confidence as Coal India weighs more subsidiary listings: CMD 18.01 Mcap of 3 of top 10 most valued firms jumps by Rs 75,855 cr; SBI, Infosys biggest winners More »