Bounce Back Loan Scheme: Difference between revisions

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(Add alternative abbreviation, source: Bank of England https://www.bankofengland.co.uk/-/media/boe/files/speech/2020/covid-19-and-monetary-policy-speech-by-michael-saunders.pdf?la=en&hash=02111FB09D7C30180137C228BB61E8C5447A84F9)
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*[[Financial stability]]
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*[[Liquidity management]]
*[[Recovery Loan Scheme]]
*[[Stranded middle]]
*[[Stranded middle]]
*[[WFH]]
*[[WFH]]

Revision as of 23:26, 10 March 2021

COVID-19 - business continuity - UK.

(BBLS or BBL).

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


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


Businesses can apply for a loan if they satisfy three conditions:

(1) Based in the UK;

(2) Established before 1 March 2020; and

(3) Adversely impacted by the coronavirus.


See also


Resources for COVID-19

ACT technical - COVID-19

UK government: support for businesses

UK government: COVID-19 support hub