COVID-19: Now open for applications – Bounce Back Loan Scheme for small buisnesses as at 04.05.20

The Bounce Back Loan Scheme for small businesses, to enable them to access finance more quickly during the coronavirus outbreak, is now open for applications.

The Bounce Back Loan Scheme will allow businesses to borrow between £2,000 and £50,000 and access the cash within days.

Loans are interest free for the first 12 months and businesses can apply online through a short and simple form. Loan terms will be up to 6 years and the government has worked with lenders to agree a low rate of interest for the remaining period of the loan.

More details on the scheme, including eligibility and how to apply, can be found here:

Bounce Back Loan Scheme (BBLS)