The Bounce Back Loan Scheme (BBLS) enables you to borrow between £2,000 and up to 25% of your turnover. The maximum loan available is £50,000.
The scheme is open to applications until 31st January 2021. If you already have a Bounce Back Loan but borrowed less than you were entitled to, you can top up your existing loan to your maximum amount. You must request the top-up by 31st January 2021.
For example :
Business turnover £50,000 £200,000
Maximum loan available (25%) £12,500 £50,000
BB Loan all ready taken £8,000 £35,000
Top – up available £4,500 £15,000
You can apply for a loan if your business:
- is based in the United Kingdom
- was established before 1st March 2020
- or has been adversely impacted by the coronavirus
If you have any questions, please contact us on 01473 744 700 or email us at email@example.com, and we will be more than happy to help.