Bounce Back Loans still available but act fast
The Bounce Back Loan Scheme offering up to £50,000 to businesses depending on turnover is open until 31 March 2021.
If you have received a Bounce Back Loan but has not claimed the full 25% of turnover amount, the loan can be topped up but applications must be made by 31 March 2021.
Loans are guaranteed by the government in full and benefit from zero fees and interest for the first 12 months then 2.5% interest thereafter. No repayments fall due within the first 12 months and the six year term can be extended to 10.
One of the quickest ways to apply is via the business’s online banking system.