Coronavirus: Fewer loans approved as firms rush to get lifeline
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Banks approved fewer Covid-19 loans in the week to Tuesday, leaving half of firms still awaiting emergency help.
The number of Coronavirus Business Interruption Loans (CBILs) agreed was 8,638, down from more than 9,000 the previous week.
Of 52,807 loans applied for, almost 28,000 have still to be approved.
“Staff are working incredibly hard to get money to those…
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