Emergency loans

Image of Met Office weather map. Credit: metoffice.gov.uk

BRITISH banks are being criticised for demanding personal guarantees from businesses looking to take advantage of UK government backed emergency loans.  The government will underwrite 80 per cent of the loan, but the banks want to ensure that the entire amount is secure.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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