iPlayer- missing £50,000 business bank loans

GrannyGravy13

Katie59

There were a lot of small businesses, pubs and restaurants were high on the list, who took the loans, paid off the bank and walked away. That was not really what the loan was for, it helped the bank of course, but the money has gone

By walking away, do you mean that they went out of business? Or are you suggesting they intentionally folded their businesses?

The business was failing the creditors were a problem so they threw the towel in without actually going bankrupt.

Katie59

There were a lot of small businesses, pubs and restaurants were high on the list, who took the loans, paid off the bank and walked away. That was not really what the loan was for, it helped the bank of course, but the money has gone

By walking away, do you mean that they went out of business? Or are you suggesting they intentionally folded their businesses?

There were a lot of small businesses, pubs and restaurants were high on the list, who took the loans, paid off the bank and walked away. That was not really what the loan was for, it helped the bank of course, but the money has gone

Tax payer to loose £26 billion

www.theguardian.com/politics/2020/oct/07/fears-grow-over-uk-firms-ability-to-repay-covid-business-loans