British Business Bank boss admits CBILS has ‘displaced’ alternative lending

British Business Bank boss admits CBILS has ‘displaced’ alternative lending | Peer2Peer Finance News

British Business Bank (BBB) chief executive Catherine Lewis La Torre has acknowledged that the government’s emergency lending schemes have displaced alternative lenders but insists they will return. The BBB has been in charge of facilitating state-backed emergency lending such as the coronavirus business interruption scheme (CBILS) and faced criticism last year over how long it […]

British Business Bank (BBB) chief executive Catherine Lewis La Torre has acknowledged that the government’s emergency lending schemes have displaced alternative lenders but insists they will return.The BBB has been in charge of facilitating state-backed emergency lending such as the coronavirus business interruption scheme (CBILS) and faced criticism last year over how long it took alternative lenders to get accredited to provide the finance.

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