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What is the government backed bounce back loan scheme?
What is the bounce back loan (BBL) scheme?
How many UK businesses get a bounce back loan?
How do bounce back loans work?
When does the bounce back loan scheme close?
What's going on with the £47bn 'bounce back loans'?
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 · The Bounce Back Loan scheme is the latest step in a package of world-leading support measures launched by Chancellor Rishi Sunak – with £7.5 billion already awarded in business grants, 4...
- HM Treasury
Aug 2, 2022 · Getty Images. A total of 1.5 million bounce back loans were granted during the pandemic. By Angus Crawford and Tony Smith. BBC News. More than 16,000 businesses which took out a type of...
The Bounce Back Loan Scheme: an update. HM Treasury, Department for Business, Energy & Industrial Strategy, British Business Bank plc. Report by the Comptroller and Auditor General. Ordered by the House of Commons to be printed on 1 December 2021.
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Apr 1, 2021 · More than 1.5 million businesses struggling due to coronavirus took out a 'bounce back loan' before the scheme closed to applications on 31 March 2021. Bounce back loans are 100% state-backed, worth up to £50,000, and with no interest charged or repayments needed in the first 12 months.
- Senior Money Writer-Mortgages Expert
May 13, 2020 · Many businesses have taken, and continue to take advantage of, the government backed bounce back loan scheme. The loans offer a twelve month payment holiday and interest-free period, with the next five years paid off at a 2.5 percent interest rate.
The Bounce Back Loan (BBL) scheme was announced by the Chancellor as part of the banking and finance industry's broad package of support for SMEs including capital repayment holidays, overdrafts, working capital extensions and asset-based finance.
