The Telegraph reports that a fifth of applications for the Government’s emergency Bounce Back Loan Scheme have yet to be approved, with almost 120,000 firms either having had their applications denied or still waiting for a decision. At HSBC, the country’s biggest bank, more than a third of applications have not yet been approved.

Apply for a Bounce Back Loan: https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan

SOURCE: NACFB – The Daily Telegraph