04/28/2020
💷 Coronavirus Bounce Back Loan 💷
This scheme will help small and medium-sized businesses affected by coronavirus to apply for loans from £2,000 to £50,000.
It will launch on 4 May 2020 to apply.
The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.