BBL Questions Answered

The business must confirm to the lender that the loan will only be used to provide an economic benefit to the business, for example providing working capital, and not for personal purposes. If the business […]

For lending outside the Bounce Back Loan Scheme, the Consumer Credit Act ordinarily requires lenders to provide sole traders, small partnerships and unincorporated associations seeking finance up to £25,000 with information before a loan is […]

Applicants are required to self-declare they meet the eligibility criteria for the Scheme. Applications from eligible borrowers will be subject to customer fraud, Anti-Money Laundering (AML) and Know Your Customer (KYC) checks. More BBL Questions […]

Early repayment is permitted at any stage, without early repayment fees.. More BBL Questions Answered Can I Apply for BBL for Different Businesses? What Can I Use A Bounce Back Loan For? What protections do […]

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 […]