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May 2020

Business Bounce Back Loan

The Business Bounce Back loan scheme targets small and micro businesses in all sectors.


Delivered by lenders accredited by the British Business Bank, providing loans from £2K up to 25% of the business' turnover with a maximum loan of £50K.



Loan Features


  • Up to £50,000 loan.Loans will be from £2,000 up to 25% of a business' turnover or £50,000, whichever is lower.
  • 100% guarantee. The scheme provides the lender with a government-backed, full guarantee (100%) against the outstanding facility balance, both capital and interest. The borrower always remains 100% liable for the debt.
  • Interest rate. The government has set the interest rate for this facility at 2.5% per annum, meaning businesses will all benefit from the same, low rate of interest.
  • Interest paid by government for 12 months.The government will make a Business Interruption Payment to the lenders to cover the first 12 months of interest payable, so businesses will benefit from no upfront costs.
  • No principal repayments for first 12 months. Borrowers will not have to begin principal repayments for the first 12 months, thereafter capital will be repaid on a straight line basis.
  • No guarantee fee for businesses or lenders to access the scheme
  • Finance terms. The length of the loan is for six years but early repayment is allowed, without early repayment fees.
  • No personal guarantees. No personal guarantees are allowed, and no recovery action can be taken over a principal private residence or principal private vehicle.

Want to find out more? Visit the British Business Bank website for up to date information on how to apply.

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