Press Releases | News and Insights | LCCI - LCCI
1 / 3
News Flash
    1/3LCCI urges all parties involved in the current strikes to come up with a solution to get our world-class transport system back on track.LCCI urges all parties involvedRead more
    2/3Sadiq Khan must work with businesses for economic stability and growth.Sadiq Khan must work with businessesRead more
    3/3Read the latest London Business Matters MagazineLondon Business Matters MagazineRead more
London Chamber of Commerce and IndustryLondon Chamber of Commerce and Industry
Log in
Join LCCI
Contact Us

LCCI welcome CBILS amends for small business loans

Friday 24 April 2020

Reacting to suggestion that the Chancellor is set to give 100% government guarantee for CBILS loans under £25,000, LCCI CEO Richard Burge said:

“The pace of CBILS lending has increased and that is welcomed. But many applications are still outstanding and the lending criteria of the British Business Bank and the banks is a block by many micro and small businesses seeking support.

“Small business will be encouraged to hear that the Chancellor is considering 100% guaranteed loans, as it will be a big boost to them. But time is short!”

ENDS