Banks propose student loan-style scheme for struggling UK businesses

Report says scheme could help protect more than 750,000 small and medium-sized firms Up to three million jobs and more than 750,000 small and medium-sized businesses are at risk if companies cannot defer repayment on government-guaranteed loans.The banking lobby group TheCityUK has said recapitalisation of these loans is “essential” to protect SMEs, and businesses will need help tackling debt which could “hold them back or drag them under”. Continue reading... https://www.theguardian.com/business/2020/jul/16/banks-propose-student-loan-style-scheme-for-struggling-uk-businesses #banking #uk_news #business