Corona Virus Bounce Back Loans

We’d hoped that the Government would help small businesses get finance more easily during the crisis and the new Coronavirus Bounce Bank loans that were announced today sound a good option to access finance..

These launch on the 4th May and in summary:

  • Between £2k and £50k is available
  • The government guarantee 100% of the loan
  • No fees or interest for the first 12 months
  • Up to 6 year term and no repayments in the first 12 months

Government will work with lenders to endure that the interest rate is low

More details are here: New Coronavirus Bounce Bank Loans 


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