Petition · past parliament
Charge banks a fine for each late CBILS decision.
Rejected
12 signatures
What the petition asks
The government to apply a fine of say £100 (amount flexible) for each working day over the bank's defined timeline. The amounts raised would be the banking community generous gesture to create a Business Support fund to help businesses that may struggle to repay the loans.
As with late loan payments a charge is applied, the banks rarely care about the reasons for lateness. The banks need motivation to move money. It is not that they cannot because they can offer loans within days but these are their own products of less than £5000 not the CBILS. Eg. majority tax payer owned NatWest state ten working days for a decision, but this doesn't happen. People have been waiting for over 20 working days now which is totally unacceptable and is going to destroy businesses.
Why it was rejected
It asked for something that is not the responsibility of the UK Government or Parliament.
The Government has created the Coronavirus Business Interruption Loan Scheme, but the process for granting loans under this scheme is a matter for individual lenders, and not the Government or House of Commons, and the Government does not have any powers to fine banks for delays in making decisions.
You could start a petition calling for the Government to stop banks from providing loans under this scheme if they fail to meet certain conditions, such as making decisions within a certain timeframe.
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 find 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: https://committees.parliament.uk/work/192/the-governments-response-to-coronavirus/
You could start a petition calling for the Government to stop banks from providing loans under this scheme if they fail to meet certain conditions, such as making decisions within a certain timeframe.
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 find 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: https://committees.parliament.uk/work/192/the-governments-response-to-coronavirus/
Timeline
| 23 Apr 2020 | Petition opened for signatures |
| 3 Jul 2020 | Rejected by the Petitions Committee |
Key facts
Signatures
12
Status
Rejected
Rejected
3 Jul 2020
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Source: the official petition page. Last checked 15 Jul 2026.