Government-backed Covid-19 loans expanded to retailers in deep debt

// Retailers banned from government-backed loans because they were too deep in debt can now access CBILS
// They can borrow up to £5m if they have fewer than 50 employees & turn over below £9m a year
// The government also announced £20m of funding to help small retailers recover from the pandemicRetailers and other businesses that were banned from government-backed loans because they were too deep in debt will now be able to tap into the Treasury’s coronavirus scheme