Bounce Back Loan Scheme Now Open For Applications
Apply for a coronavirus Bounce Back Loan
This scheme helps small and medium-sized businesses affected by coronavirus (COVID-19) to access loans of up to £50,000.
The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000.
The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree to a low rate of interest of 2.5% for the remaining period of the loan.
The scheme will be delivered through a network of accredited lenders.
For further guidance and to apply, please click here.