COVID-19 - Bounce back loans

Added 10 November 2020

 


Bounce Back Loans

 

 

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 government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

The scheme has been extended and is now open to applications until 31 January 2021.

See:

https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan?utm_source=c7cea23d-a8b9-43df-a18c-104d4423f70c&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate

Take care, stay safe.

#TeamWaltons