Coronavirus Bounce Back Loan Scheme Now Open for Applications

4th May 2020

Key features of the BBLS:

 

The scheme is a 100% government backed initiative for small businesses.

 

You can apply* for a loan between £2,000 and £50,000 (up to a maximum of 25% annual turnover), for 6 years.

 

No repayments required for the first 12 months, and you won’t pay any charges should you decide to repay early.

 

Interest rate fixed at 2.5%.

 

Simple online application, with funds transferred to your bank account within days of being accepted.

 

*Full details of eligibility and further information are available on the banks’ websites.

 



 
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