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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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13.01 'I volunteer at the baby bank that helped me' 13.01 Tuesday Watch 13.01 Gold and silver momentum high, but majority of move may be priced in: Ashi Anand 13.01 Deepak Shenoy backs consumer-centric insurance reforms despite near-term distributor pain 13.01 Independence on Trial: Powell probe raises new questions for the Fed 13.01 Groww shares rise nearly 5% in just two sessions. Whats triggering the rally? 13.01 Gold prices ease by Rs 300, silver above Rs 2.69 lakh amid geopolitical unrest. Is this a dip worth buying? 13.01 Gold prices ease by Rs 300, silver above Rs 2.69 lakh amid geopolitical unrest. Is this a dip worth buying? More »