Denying coronavirus loans 'completely unacceptable' banks told
Banks have been criticised by companies and MPs for insisting directors put their own property or savings up as collateral before they are approved for the emergency loans.'Simply not responsive'
"We can't have a situation where banks are approached by successful small firms and lenders offer up business as usual products," he said."This is not business as usual."He said millions of firms were at risk of collapsing because they were in need of urgent help that has not been made available. "Too many small businesses report long delays, high interest terms and being asked for personal guarantees."
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