The Coranvirus Business Interruption Loan Scheme is now live. Can anyone share anything re clients getting loans or getting rejected for loans so far?
I only have one bit of negative feedback so far. Barclays offered a loan to my client's business but asked for 100% personal guarantees!!!! What is the point in them being 80% government backed if the banks ask for 100% PG's?!
I hope this is a one-off cock-up by Barclays rather than something we are going to see when other clients apply.