Businesses call for urgent help as banks lend just £1bn under coronavirus loan scheme

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High street banks urged to start lending quickly to prevent rapid collapse of thousands of UK small firms, as it emerges just 6,000 loans have so far been approved

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Unsecured loans would be cash gifts if offered, businesses must accept the high possibility that they may go bankrupt during an extended outbreak. With that comes the responsibility to borrow only what they can return whether they go bankrupt or not.

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