View source for Bounce Back Loan Scheme

''COVID-19 - business continuity - UK.''

(BBLS or BBL).

The Bounce Back Loan Scheme (BBLS) was designed to enable smaller businesses to access finance more quickly during the coronavirus outbreak.


The BBLS supported small and medium-sized businesses to borrow between £2,000 and a maximum of 25% of their annual turnover. 

The maximum loan was £50,000.


The UK government guaranteed 100% of the loan. 

There were no fees or interest to pay for the first 12 months. 

After 12 months the interest rate was 2.5% a year.


Businesses could apply for a loan in the period up to 31 March 2021 if they satisfied three conditions:

(1) Based in the UK;

(2) Established before 1 March 2020; and

(3) Adversely impacted by the coronavirus.


For new borrowings from April 2021 onward, the BBLS was superseded by the Recovery Loan Scheme (RLS).


==See also==
*[[British Business Bank]]
*[[Business continuity plan]]
*[[Contingency plan]]
*[[COPD]]
*[[Coronavirus]]
*[[Coronavirus Business Interruption Loan Scheme]]
*[[Coronavirus Job Retention Scheme]]
*[[Coronavirus Large Business Interruption Loan Scheme]]
*[[COVID-19]]
*[[COVID-19 Corporate Financing Facility]]
*[[Disaster recovery planning]]
*[[Financial stability]]
*[[Liquidity management]]
*[[Recovery Loan Scheme]]  (RLS)
*[[Stranded middle]]
*[[WFH]]


==Resources for COVID-19==
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]

[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]