Quote Originally Posted by ncfcog View Post
Agreed, I’ve given up trying to get a business saving CBILS loan with Barclays, it shouldn’t be that hard, 80% guaranteed by the gov and still they make you jump through a thousand hoops and try to charge ridiculous amounts of interest.
Yep, seeing it with quite a few of my clients, looking to get a loan to pay employees wages between now and when they are likely to receive the cash from the government for furloughed workers - asking for rates of interest of in the region of 20% (after the first year), personal guarantees from the directors along with financial forecasts for the next 3 years (who has a clue right now about the next 3 years cashflow?)- for most this is just a non-starter. Ridiculous in these times.

The government support at this point in time for small business is full of holes. More required I'm afraid.