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NEW LOANS FOR SMALL BUSINESSES

'Bounce Back' loans with 100% government backing announced

Monday 27th April 2020

Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor announced on Monday 27 April.

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

Forms will be available on Mon 4 May 20.  

Announcement here

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