Bloomberg UK businesses are struggling to access the cash they need as government efforts fall short, according to the British Chambers of Commerce. Just 1% of companies surveyed by the BCC had managed to access Chancellor Rishi Sunak’s Coronavirus Business Interruption Loan Scheme (CBILS). Eight percent said they had been unsuccessful, citing the complexity of the application process, slow responses ...

Bloomberg Ride-hailing company Bolt Technology OU is seeking credit support from the Estonian government after a switch to quarantine-friendly services didn’t make up for lost revenue and it couldn’t access bank lending under existing state guarantee terms. The service formerly known as Taxify, a rival to Uber Technologies Inc., is asking for $54 million in loans through a state fund ...

Bloomberg In late March, Arnold Mergell delivered an urgent message to Germany’s political elite. Standing in front of a row of blue metal barrels, he complained that the funds needed by small and mid-sized companies like his to survive the coronavirus crisis weren’t getting through fast enough. “The bazooka’s been loaded, but the trigger is stuck,” said Mergell, who runs ...