News article
Loans to Help SMEs Bounce Back from COVID-19 Difficulties Now Available
04/05/2020
A new loan scheme for smaller UK firms in need of financial support to weather the coronavirus crisis is now open to applications.
The new Bounce Back Loans Scheme, announced by the Chancellor last month, 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.