Apply for a Bounce Back Loan
The Bounce Back Loan Scheme (BBLS) provides financial support for UK businesses that are losing revenue as a result of the COVID-19 pandemic and that can benefit from up to £50,000 in finance. A lender can provide a six-year term loan from £2,000 up to 25% of a business’ turnover.
The scheme is a part of a wider package of government support for UK businesses and employees. Read more at the Government’s Business Support website here.
BBLS is available through a range of British Business Bank accredited lenders and partners, listed on the British Business Bank website here.
The scheme gives the lender a full (100%) government-backed guarantee against the outstanding balance of the facility (both capital and interest).
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