Companies at Risk From COVID-19 Lifeline Loans, Bank of England Warns

The Bank of England in the City of London, on Sept. 20, 2019. Yui Mok/PA

Many companies that took out emergency loans during the COVID-19 pandemic are now at risk of collapse because of those same loans, the Bank of England has warned.

Companies across the UK that before COVID-19 would have been turned down for loans were able to tap into government-backed schemes during pandemic times.