• Jane Wu LLB ACA

Bounce Back Loans

Updated: Jul 23


Following pressure to do more to support smaller businesses who have been having difficulty accessing funds through the loan scheme, the Chancellor has announced a new 'Bounce Back' scheme.


The Bounce Back scheme is:


  • 100% government backed

  • Fast tracked - funds to be available within a few days of applying

  • Provides loans of between £2,000 & max of £50,000 or 25% of turnover

  • Interest free for 12 months

  • No repayments due for first 12 months

  • Easy, short online application

  • Eligible businesses are based in the UK, have been negatively affected by coronavirus and was not an 'undertaking in difficulty' at 31st December 2019 and have not already claimed under CBILS

  • Launches Monday 4th May


https://www.gov.uk/government/news/small-businesses-boosted-by-bounce-back-loans


#smallbusiness #soletraders #microbusiness #bounceback


14 views

Quality you can trust

  • Jane's Accounting Services
  • Jane's Accounting Services
  • Jane's Accounting Services

©2020 by Janes Accounting Services Limited. Finchampstead, Wokingham.

xero-bronze-partner-logo-RGB.png
xero-payroll-certified-badge.png
1-badge-online-large.png