Covid-19 loans slow as another £1.3bn handed to small businesses
Just over 25000 loans have been approved
Small business across the UK have won another £1.33 billion of support as part of the Government's scheme to help companies weather the economic storm brought by coronavirus.
Nearly 8,640 new loans were approved in the seven days to Tuesday, according to figures from UK Finance, released on Thursday.
According to the trade body, it brings the total lent under Chancellor Rishi Sunak's coronavirus business interruption loan scheme (CBILS) to £4.1 billion.
However, the data also shows the rate of approvals slowed from last week, when UK Finance said £1.45 billion had been approved in the previous seven days.
It is the first time the rate has slowed since the scheme started.
Published: by Radio NewsHub