LONDON, May 6 (Reuters) - Britain's finance ministry said
more than 69,000 loans to small businesses worth more than 2
billion pounds ($2.5 billion) were made in the first 24 hours of
the launch of the emergency coronavirus credit scheme which
carries 100% state guarantees.
Seven large lenders received more than 130,000 Bounce Back
Loan Scheme applications on Monday, the ministry said.
Finance minister Rishi Sunak announced the new scheme last
week after criticism that other programmes to help companies
survive the coronavirus shutdown were bogged down.
($1 = 0.8088 pounds)
(Reporting by David Milliken
Writing by William Schomberg)