Posted 29/04/2020 In Advice, Blog, News 2020-04-292020-04-29https://www.wrightvigar.co.uk/wp-content/uploads/2017/01/wright-vigar-logo.pngWright Vigarhttps://www.wrightvigar.co.uk/wp-content/uploads/2017/01/wright-vigar-logo.png200px200px 0 0 Following the Chancellors announcement, offering 100% guarantees on ‘Bounce Back’ loans for the smallest business, the UK’s largest banks have stated they will ease lending requirements. This will make it easier for small businesses to access cash through coronavirus business loan schemes. The banks who will be easing requirements include: Barclays Danske HSBC Lloyds NatWest Santander Virgin Money On behalf of the lenders, banking body UK Finance stated: “Lenders will only ask businesses for information and data they might reasonably be able to provide at speed. We will not require the provision of forward-looking financial information or business plans from businesses applying for CBILS-backed lending, relying instead on our own information to assess credit and business viability.” Read more If you found this update useful please feel free to pass it on and share our social media posts. Recent PostsWright Vigar National Three Peaks ChallengeCharity BankingResidential Properties – Company or personal ownership?