- Launching 4th May
- Loans to businesses, from accredited lenders of £2,000 to £50,000
- Terms up to 6 years
- Government guarantee 100%
- No fees or interest in first 12 months
- Businesses must be UK based, negatively affected by Coronavirus and have been a viable enterprise pre outbreak
- If already claimed under CBILS then cant apply, but if you have already borrowed (under £50,000) under CBILS, amount can be transferred to Bounce Back Loan Scheme
More information to follow