Bounce Back Loan

07 May 2020

Coronavirus Bounce Back Loan Scheme

The Bounce Back Loan scheme helps small and medium-sized businesses affected by coronavirus (COVID-19) to access loans of up to £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.

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.

Small businesses can now apply for a Bounce Back Loan by clicking the button below.

Check eligibility and apply


For more guidance and advice visit BAGMA’s Coronavirus Hub

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