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UK lends £21 billion to small firms hit by Coronavirus

UK Lends £21 Billion to Small Firms Hit by Coronavirus

LONDON – Britain’s small businesses borrowed more than £21 billion from a government-guaranteed coronavirus program in May, well before other support programs, write Kate Holton and Guy Faulconbridge.
The Treasury said loans under the bounce back program had fallen to £21.3 billion as of May 31 from £18.5 billion on May 24.
Coronavirus business interruption loan program reached £8.9 billion as of May 31, compared to £8.15 billion the week before.
(Sahar News Monitoring Desk)

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