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Chancellor weighs up 100% state-backed loans for UK’s smallest companies

The new scheme could be launched in addition to the current loan offered with 80% state backing

UK chancellor Rishi Sunak is reviewing the government's Covid-19 business support loans and could be poised to offer 100% Treasury-backed lending to SMEs.

If it goes ahead, the move which would give micro-sized businesses access to loans of up to £25,000

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