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Lord Myners to ask Her Majesty's Government what is the total value of Coronavirus Business Interruption Loans that (1) have interest rates set at the maximum permitted rate of 14.99 per cent per annum, (2) have interest rates set at 10.00 per cent per annum or more, and (3) have arrangement fees of more than 3.00 per cent per annum; and whether they meet or guarantee to the lending institutions all or part of these rates for the time the loan is outstanding.  HL9859

Question HL9859: tabled on 2 November 2020 and due for answer by 16 November 2020

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Question text

To ask Her Majesty's Government what is the total value of Coronavirus Business Interruption Loans that (1) have interest rates set at the maximum permitted rate of 14.99 per cent per annum, (2) have interest rates set at 10.00 per cent per annum or more, and (3) have arrangement fees of more than 3.00 per cent per annum; and whether they meet or guarantee to the lending institutions all or part of these rates for the time the loan is outstanding.
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