Loan Guarantee Scheme Could Be Extended

According to Reuters, Chancellor Osborne has suggested that the National Loan Guarantee Scheme (NLGS) could be extended if there is sufficient demand from the business community.

He also hinted that the Treasury is considering creating an agency to package business loans and sell them on to investors.

However,it’s not all good news,  he also warned that there would be difficulties in providing transparency on the quality of the loans in the package.

More Information

MGBA Website

Contact: martin.parry@mgba.co.uk

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