Bounce Back Loans

What is a “business in difficulty?

A business is considered in difficulty if it met any one of the following criteria on 31 December 2019: Individuals or companies that have entered into collective insolvency proceedings; Limited companies which have accumulated losses […]

Bounce Back Loans

What is a “business in difficulty?

A business is considered in difficulty if it met any one of the following criteria on 31 December 2019: Individuals or companies that have entered into collective insolvency proceedings; Limited companies which have accumulated losses […]

Bounce Back Loans

Can I be Turned Down for a BBL?

The borrower is required to self-declare they meet the eligibility criteria for the scheme. Lenders do not have to assess a business’ affordability or viability. Lenders are not responsible for the borrower’s decision to borrow. […]

Bounce Back Loans

What if I need more finance?

Under the Bounce Back Loan Scheme, a business which has had their application for a loan accepted, or is part of a wider group (defined by having a holding company at the top of their […]