Bounce Back Loan Scheme and HMT: Difference between pages

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imported>Doug Williamson
(Update for Recovery Loan Scheme. Source: ACT blog https://www.treasurers.org/hub/blog/covid-19-march-2021)
 
imported>Doug Williamson
(Mend link.)
 
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''COVID-19 - business continuity - UK.''
''UK''.


(BBLS or BBL).
Her Majesty's Treasury.


The Bounce Back Loan Scheme (BBLS) was designed to enable smaller businesses to access finance more quickly during the coronavirus outbreak.
The Treasury department of the UK government.
 
 
The BBLS supports small and medium-sized businesses to borrow between £2,000 and a maximum of 25% of their annual turnover.
 
The maximum loan 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 is 2.5% a year.
 
 
Businesses can apply for a loan up to 31 March 2021 if they satisfy three conditions:
 
(1) Based in the UK;
 
(2) Established before 1 March 2020; and
 
(3) Adversely impacted by the coronavirus.
 
 
For new borrowings, the BBLS is superseded by the Recovery Loan Scheme (RLS).




==See also==
==See also==
*[[British Business Bank]]
* [[HM Treasury]]
*[[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]]
*[[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]
 
[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]


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

Revision as of 21:59, 17 June 2020

UK.

Her Majesty's Treasury.

The Treasury department of the UK government.


See also