The Bounce Back Loan Scheme (BBLS) helps smaller companies to get quicker access to funding during the coronavirus outbreak. Bounce back loans are 100% backed by the Treasury in the hope this will speed up lending to those businesses impacted by the Coronavirus pandemic. Here’s what we know so far, and we’ll update you as soon as we hear more.
If you’ve already received a loan of up to £50,000 under one of these schemes you can transfer it into the Bounce Back Loan scheme. You have until 4 November 2020 to arrange this with your lender.
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