Covid-19 loans approach £52bn as CBILS hit new high

On 11 August, HM Treasury said it had approved 59,520 facilities during the week, paying out a total of £13.41bn, up from £13.08bn in the week before, however, the total number of loan applications numbered 121,669.

The East of England made up 11% of the total number of CBILS loans UK-wide, the highest usage of the scheme outside London and the South East, while the North West recorded 11% of the total number of BBLS loans across Britain – again, the biggest usage of outside London and the South East.

1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.

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