Coronavirus Bounce Back Loan Scheme

The Bounce Back Loan scheme, scheduled to launch on Monday 4 May, will help small and medium-sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there won't be any fees or interest to pay for the first 12 months.

Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.

The scheme will be delivered through a network of accredited lenders.

You can apply for a loan if your business:

is based in the UK
has been negatively affected by coronavirus
was not an ‘undertaking in difficulty' on 31 December 2019

You cannot apply if you're already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS). However, if you've already received a loan of up to £50,000 under CBILS and would like to transfer it into the Bounce Back Loan scheme, you can arrange this with your lender until 4 November 2020.

The Bounce Back Loan scheme will launch on 4 May 2020, it is intended to be a simple application with money becoming available within 24 hrs.

More information about how to apply for the scheme will be published shortly - visit the GOV.UK website using the links below.

This scheme includes self-employed people.

Downloads

Get more information about applying for a Bounce Back Loan on GOV.UK Go

Use this Business Support Finder to see what support is available for your business Go

Claim for wages through the Coronavirus Job Retention Scheme Go

Apply for the Coronavirus Business Interruption Loan Scheme (CBILS) Go

Apply for the Coronavirus Large Business Interruption Loan Scheme (CLBILS) Go

Apply for the COVID-19 Corporate Financing Facility (CCFF) Go

Apply for the Coronavirus Future Fund Go

Claim back Statutory Sick Pay (SSP) paid to employees due to coronavirus Go

Check if you are eligible to defer your VAT payments due to coronavirus Go

Deferral of Self-Assessment tax Go

Claim a grant through the Self-Employment Income Support Scheme (SEISS) Go

ENGLAND - check if your retail business is eligible for business rates relief Go

NORTHERN IRELAND - Business Rates Holiday Go

Share this page

< >

Most Read

Intergraf Economic News (Paper Prices) - March 2024

18 March 2024

Access the latest edition of the Economic Newsletter for the European Printing Industry for data on paper consumption, and pricing data for pulp, paper and recovered paper. Data for packaging papers and board is also available with this edition.

UK to follow global expansion of inkjet printing

21 March 2024

The latest expert analysis from Smithers identifies the potential of the latest generation of inkjet systems to improve profitability across the global print market. Read more about the new report The Future of Inkjet Printing to 2029.

For more information please contact:

Kyle Jardine

0289 002 0135

[email protected]