Originally Posted by
LGS6753
It is not Government money that is being lent , at least directly. The banks have been asked/told to advance money to companies in all sectors, and the UK Government will underwrite 80%. So the bank will do their usual due diligence prior to advancing their own risk capital. They won't want to be losing the non-underwritten 20%.
This is different. It’s BoE funds for bigger companies and employers, not just a high street bank. But similar principles apply.