Bounce Back Loans

New 100% government back loan scheme for small businesses.

If you have been negatively impacted by coronavirus, the scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000.

The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.

No repayments will be due during the first 12 months and the government will work with lenders to agree a low rate of interest for the remaining period of the loan.


How do you apply?

The scheme launches next Monday 4th May and can be submitted through short and standard online forms. Small businesses will be able to access loans worth 25% of turnover, capped at £50,000.

You can’t apply if you are already claiming funding via the Coronavirus Business Interruption Loan Scheme.

You can read more on the government business support website where they will be making more information available in the next few days.