Force the banks to issue business interruption loans NOW

Banks are refusing business interruption loans to companies if the directors have homes etc to collateralise... rather offering personal guarantees on ordinary loans. This is not the spirit in which the loans were offered, this needs direct intervention NOW, before people start closing the doors.

The offering of loans by banks is a matter for individual banks, and not the Government or Parliament.

Since you started your petition the Government has updated and published additional guidance on the Coronavirus Business Interruption Loan Scheme, which you might find helpful:

Chancellor strengthens support on offer for business as first government-backed loans reach firms in need: https://www.gov.uk/government/news/chancellor-strengthens-support-on-offer-for-business-as-first-government-backed-loans-reach-firms-in-need

Apply for the Coronavirus Business Interruption Loan Scheme: https://www.gov.uk/guidance/apply-for-the-coronavirus-business-interruption-loan-scheme

We have also published a number of petitions calling on the Government to provide grants or loans directly to businesses, which you might like to sign. You can view all e-petitions relating to coronavirus here: https://petition.parliament.uk/petitions?state=open&topic=covid-19

You can find out more about coronavirus and how you can protect yourself and others here:

www.gov.uk/coronavirus
https://www.nhs.uk/conditions/coronavirus-covid-19/

The Government has also created an online service to help you out what you can do if you’re struggling because of coronavirus: https://www.gov.uk/find-coronavirus-support

You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips

You can read impartial analysis of the Government response to coronavirus and policy developments here: https://commonslibrary.parliament.uk/coronavirus/

You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.

Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: https://committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/

Read letters asking further questions of Government Ministers: https://committees.parliament.uk/committee/326/petitions-committee/publications/3/correspondence/