Businesses are not required to make repayments for the first 12 months but will still have to repay the loan and any interest after 12 months.
More BBL Questions Answered
- Can I Apply for BBL for Different Businesses?
- What Can I Use A Bounce Back Loan For?
- What protections do I have?
- Can I apply for a CBILS and a BBL?
- Can I repay a Bounce Back Loan early?
- What BBL Checks will I be subject to?
- What happens if I struggle to repay a BBL?
- Does the BBL Scheme support all businesses?
- How much am I meant to repay with a BBL?
- Can I reapply if I am declined?
