News article
Chancellor Announces 100% Government-backed Loans for Small Businesses
27/04/2020
A new loan scheme for smaller firms in need of financial support during the coronavirus crisis is set to launch, with the Government paying the interest for the first 12 months.
The new Bounce Back Loans scheme, announced by the Chancellor, will allow small and medium businesses to borrow between £2,000 and £50,000 and access the cash within days. Loans will be interest free for the first 12 months, and businesses will be able to apply online through a short and simple form.