FC left out of Coronavirus Business Interruption Loan scheme

I'm looking at making an application for a loan under this scheme for a family business and it seems to be a scammers delight.  The lenders get an 80% loan guarantee.  There is basically no due diligence to be done on the lenders as the emphasis is on pushing as much money out as possible.  I can see a broader risk here is that whilst support is clearly necessary to help keep businesses afloat, this guarantee basically torpedos the whole concept of moral hazard.  In our current uncertain circumstances, any rational person presented with free money that they would not otherwise be able to borrow for a year will grab as much as they can.  The problem with a collapse of moral hazard is that it too is contagious, all borrowers start asking 'why do I need to pay back if noone under this scheme pays back?'