Business Insolvency Specialists
Bounce Back Loans
A Bounce Back Loan is available to small to medium businesses. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000.
The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.
- Get you advice as to whether a Bounce Back Loan is right for you (and in most cases we expect that it will be)
- Provide advice as to whether you are likely to be able to get a Bounce Back Loan, and
- Arrange assistance with your application if required
- If you are a Ltd company – can you please tell us the company name and Registered Number in the Additional Notes field and your line of business?
- All trading types – can you please make sure that you tell us in as much detail as possible what help it is you are looking for in the Additional Notes field?
- We ask you to provide details of any credit issues you have – this, as well as all the other information you provide will be treated in absolute confidence. Credit issues may not prevent you getting a Bounce Back Loan, but we must understand them, to give you the best advice.