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COVID-19 and Business Lending

3rd Apr 2020

News Advice

Whilst there has been talk on the relaxation of business lending, there is still little detail beyond the following headlines:


  • The current loan scheme is to be extended so more small business can benefit

  • There will be a new scheme announce to support larger firms not currently eligible for loans

  • Lenders are to be banned from requesting personal guarantees on loans under £250,000

  • The Chancellor wants banks to move quickly to support the economy, jobs and businesses.


We will continue to monitor this situation and provide updates when we know more.

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Wright Vigar Chartered Accountancy
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