Proceeding contribution from Kevin Hollinrake (Conservative) in the House of Commons on Wednesday, 3 June 2020. It occurred during Debate on bill on Corporate Insolvency and Governance Bill.
Corporate Insolvency and Governance Bill
Because of the success of bounce-back loans—it is a much easier process to get a bounce-back loan than a CBILS loan—lots of businesses that need more than £50,000 have gone for a bounce-back loan as an interim step, but are restricted from taking a CBILS loan, as they can only have one or the other. Would my right hon. Friend consider allowing businesses to apply for a CBILS loan for a larger amount, subject to necessary lending criteria, then paying off the bounce-back loan so that they can get access to the finance that they need?
Secondary information
- Type
- Proceeding contribution
- Reference
- 676 c892
- Session
- 2019-21
- Chamber / Committee
- House of Commons chamber
- Subjects
- Contracts Company law Company liquidations Company accounts Companies Directors Debts Liability Insolvency Landlord and tenant Northern Ireland Powers Meetings Small businesses Utilities Reorganisation Coronavirus business interruption loan scheme Bounce back loan scheme
- Legislation
- Corporate Insolvency and Governance Bill 2019-21
- Link
- View this Proceeding contribution on hansard.parliament.uk
Librarians' tools
- Timestamp
- 2020-06-21 00:02:37 +0100
- URI
- http://hansard.intranet.data.parliament.uk/Commons/2020-06-03/20060332000241
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2020-06-03/20060332000241
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2020-06-03/20060332000241