STOP banks discriminating against businesses (less than £100k turnover allow CBILs access

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The Issue

We want banks to stop actively discriminating against those businesses with less than £100k turnover and allow them to access the CBILS scheme for amounts less than £25,000.

Small businesses are currently unable to apply for loans of less than this amount under the CBIL's scheme, even with their own banks, purely because banks are choosing to put a minimum £25k cap on loans and then offer 'standard products' to those cash poor businesses who previously have been and are currently trying to grow and keep their businesses afloat in this climate.

At present CBILs can be offered by all of the big banks to their customers, but banks are stating they have a suitable range for amounts lower than £25k. This means our smallest businesses will get hit for higher rates for a longer period of time. This will hurt a lot of those smaller businesses that are not cash rich, but would be a viable business otherwise. These important should businesses should be treated fairly and not punished for having not grown quickly enough prior to this pandemic.

This criteria of loans over £25k and more than £100k turnover is clear discrimination and needs to be addressed.

Please support the smallest businesses out there, who don't want to borrow unneccesarily, but do need access to the same terms and conditions as others. In order that we all exit this pandemic on the same level footing and not having taken steps backwards, because our previously successful or growing businesses have been hit for high rates. This one move could save a lot of businesses and provide money for those businesses that are really hand to mouth at this moment in time.

Save our small businesses, don't dismiss them because they are not worthy of the banks time. 

The Decision Makers

Boris Johnson
Prime Minister

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