Bounce Back Loan Scheme
From ACT Wiki
COVID-19 - business continuity - UK.
(BBLS).
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak.
The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover.
The maximum loan available is £50,000.
The UK government guarantees 100% of the loan. There are no fees or interest to pay for the first 12 months.
After 12 months the interest rate will be 2.5% a year.
You can apply for a loan if your business:
(1) is based in the UK
(2) was established before 1 March 2020
(3) has been adversely impacted by the coronavirus.
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
- Stranded middle
- WFH
