Bounce Back Loans

11/02/2021

Bounce Back Loans - Update

Further information and options for businesses that have taken out Bounce Back loans.

Please click on the links for full details.

It will provide businesses with the following options:

  • Extend the length of the loan from six years to ten
  • Make interest-only payments for six months, with the option to use this up to three times throughout the loan
  • Pause repayments entirely for up to six months

https://www.gov.uk/government/news/chancellor-eases-burden-on-more-than-a-million-businesses-through-pay-as-you-grow-flexible-repayment-options?utm_medium=email&utm_campaign=govuk-notifications&utm_source=b0c9f9f5-d231-42a2-9b13-c5b61f65578a&utm_content=daily

The Bounce Back scheme is open to applications until 31 March 2021

https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan