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30 Apr 2020
Coronavirus

Government Announces Changes to the Coronavirus Business Interruption Loan Scheme

UPDATE: The government has taken steps on the Coronavirus Business Interruption Loan Scheme (CBILS) to ensure that lenders have the confidence they need to process finance applications quickly, including removing the per lender portfolio cap for the government guarantee, and changing the viability tests that so that all banks will need to assess is whether a business was viable pre COVID-19