Coronavirus Bounce Back Loan Scheme

  • 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

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