Loans under the Bounce Back Loan Scheme are available over a fixed six-year term More Bounce Back Loan Questions and Answers What term can I borrow a BBL over? What BBL fees/interest will I be […]
The government has set the interest rate for this facility at 2.5% per annum. Lenders are not permitted to charge any fees. More Bounce Back Loan Questions and Answers What term can I borrow a […]
The borrower is 100% liable for repaying the loan and any interest. The government will cover interest payable to the lender for the first 12 months. The borrower will then need to make full repayments […]
Accredited lenders are only permitted to provide term loans under the Scheme. The Scheme is targeted at supporting those businesses who need access to finance quickly and, therefore, requires lenders to offer a standard product. […]
The Scheme has been designed to enable businesses to access finance quickly. Businesses are required to complete an online application form, which is expected to be assessed by their lender within a matter of days. […]
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