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Mar 31, 2022 · The Bounce Back loan scheme helped small and medium-sized businesses to borrow between £2,000 and £50,000, at a low interest rate, guaranteed by the Government.
May 4, 2020 · Small businesses can apply for quick and easy-to-access loans of up to £50,000 with 100% government guarantee and 2.5% interest rate. The scheme aims to help firms survive and recover from the coronavirus outbreak and is part of a wider package of support measures.
- HM Treasury
Feb 8, 2021 · Bounce Back Loan borrowers will now have the option to tailor payments according to their individual circumstances. Chancellor makes support even more generous with the option to delay all...
- HM Treasury
Nov 9, 2021 · Bounce Back Loans are government-backed unsecured loans for small businesses affected by covid. Learn how they work, how to repay them and what to do if you can't.
Apr 1, 2021 · Small businesses can now apply for a new 100% state-backed loan worth up to £50,000, with no interest charged or repayments needed in the first 12 months.
- Senior Money Writer-Mortgages Expert
May 13, 2020 · Bounce Back Loan Calculator. Use this tool to calculate the payment schedule including any overpayments and early settlement for your bounce back loan. See total costs and how payments and interest are adjusted.
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What is the bounce back loan scheme?
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How do I apply for a bounce back loan?
A standard Bounce Back Loan has a 2.5% fixed interest rate over a six-year term, with no principal repayments for the first 12 months. Your capital repayment amount is the same each month, but you pay less interest each month as you repay the loan.