Bank loans - no new loans being offered by major banks

enonymousse

Has anyone else been told when contacting loan companies that no new loans are being offered, other than emergency loans up to £2,000 for key workers?  Quite a few banks have suggested they were following guidelines from the FCA to do no further lending when COVID hit and now they are following their own guidelines.  

[Deleted User]

Banks are still lending, but criteria have tightened. You might have fallen outside of their risk appetite.

MEM62

This may well be a blessing in disguise.  Now is probably not the right time for many to be increasing their borrowing.  

Shakin_Steve

Banks don't turn their noses up at profits and, if they consider the borrower to be sound, they will lend.