Bounce Back Loans

are aimed at the UK’s smallest businesses and will provide them access to loans of up to 25% of their turnover (a max. of £50,000) within 24 hours of applying.
4 May 2020

The new Bounce Back Loans will be 100% guaranteed by the Treasury, meaning the government will take on all the default risk. They will be available from Monday 4th May at 9am.

  • Maximum loan amount of 25% of turnover or £50k, whichever is lower
  • No repayments are required for the first 12 months
  • No requirement for bank eligibility
  • Simple 2 page on-line application form
  • 100% government guarantee
  • Available from 9am on Monday 4th May 2020
  • Loans will then be available within 24 hrs of approval

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