Can’t get access to a Small Business Interruption Loan?
Will you be surprised to hear that the Banks, (yes those institutions the British public bailed out in 2008 during the other global crisis) are not lending….. but why?
Out of 130,000 applications only 900 have been approved a shocking figure of less than 1%!
The article below is insightful and provides some answers…. “smoke and mirrors” is the term that comes to mind.
The Swiss are leading the way with an efficient and expeditious system. A Loan applied for in the morning is credited to the business account on the same day, without the drama; helping businesses to stay afloat and saving jobs.