01/05/20 Bounce Back Loans
Launching on 4th May 2020 is a new Government backed loan scheme. It is a new rapid loan scheme for small and medium businesses. The Government will provide lenders with a 100% guarantee for the loan.
Bounce Back Loan Schemes
- loans will be limited to 25% of turnover and up to a maximum of £50,000 (minimum of £2,000)
- application process is online through a short and simple form and funds will be available within days of application
- limited to smaller and medium businesses, but with no fees or interest for first 12 months.
For more information on the Bounce Back Loan Scheme, visit the GOV.UK website using the link below.
https://www.gov.uk/government/news/small-businesses-boosted-by-bounce-back-loans
