Coronavirus Business Interruption Loan Scheme
(asked on 16th November 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether it is his Department's policy to provide sole traders with the same loan guarantees as limited businesses under the Coronavirus Business Interruption Loan Scheme.
This question was answered on 21st November 2022
The Coronavirus Business Interruption Loan Scheme (CBILS) closed for new applications on 31 May 2022 and saw 97,846 loans approved worth £25.86 billion. The scheme was open to sole traders, provided they satisfied the scheme’s eligibility criteria.