What Can I Use A Bounce Back Loan For?

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 was a “business in difficulty” on 31 December 2019, then a loan under the Scheme is not permitted to be used for export-related activities.

There are no limits on the amount of the facility that can be used for refinancing.

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