The government introduced some changes to the scheme on 2 April 2020, designed to encourage banks to say ‘yes’ to more businesses applying to borrow under the CBILS. It dropped the requirement for businesses to have "insufficient security". In other words the scheme can now support lending even where a lender deems a business to have sufficient security for a normal commercial loan. Prior to the change, many borrowers had been told to take high-interest debt when they approached banks for a CBILS facility. Now it’s likely that almost all lending to smaller businesses impacted by coronavirus will be carried out through the scheme – and they can benefit from interest-free lending for 12 months.