Covid 19: Bounceback Loan

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April 28th 2020

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The Government has yesterday announced a new scheme for those in need of smaller loans. Businesses can apply for the new Bounce Back Loans up to a maximum of £50,000, or 25% of turnover, with the government paying the interest for the first 12 months. The loans will be available from 9am on Monday and the Government will support lending by guaranteeing 100% of the loan.

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For more details, please visit this link:

https://www.gov.uk/government/news/small-businesses-boosted-by-bounce-back-loans

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To learn more about how to access the various financial support schemes, please see the link here: https://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19

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There is a BEIS Business Support Helpline for any queries: 0300 456 3565

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