Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to take steps to end the consideration by lenders of a business’s historic losses when conducting forward credit checks to assess Coronavirus Business Interruption Loan Scheme applications.
A business is eligible for a loan under the Coronavirus Business Interruption Loan Scheme if:
Government has removed the forward-looking viability test that required an assessment of whether the business can trade out of the crisis. The only test that remains is whether a business was viable before Covid-19.