The Bounce Back Loan Scheme (BBLS) is now available through a number of accredited lenders across the UK.

Businesses will be able to borrow between £2,000 and £50,000 and access the cash within days.  Loans are interest free for the first 12 months, and businesses are able to apply online through a short and simple form.

The rate of interest is expected to be around 2.5%.

How to apply

The following lenders are accredited for the BBLS, most of which are offering online applications.  More lenders are expected to come online within days.

In the first instance it is recommended to approach your existing banking provider.  If they turn you down you can approach other lenders to access the finance you require.

Who can apply

Businesses must be able to self‑declare to the lender that it:

For more information, visit the British Business Bank FAQ page HERE >>

Need Advice?

During these challenging times we are offering ALL businesses complimentary advice from some of our experts to help you through the pandemic.

If you’re looking for funding advice you can book a call with our Corporate Finance Partner, Steven Lindsay by simply clicking the button opposite.

Steven specialises in fund-raising, management buy-outs/buy-ins, acquisitions and disposals in all sectors.

Leave a Reply

Your email address will not be published. Required fields are marked *