The Coronavirus Business Interruption Loan Scheme provides financial support to smaller businesses affected by coronavirus.

Please note that as of 17 December, the Government has announced that the Bounce Back Loan Scheme (BBLS) will be extended until 31 March 2021.

 

Businesses who have borrowed less than their maximum (i.e. less than 25% of their turnover) through the Bounce Back Loan Scheme can top-up their existing loan with more funding.

 

The Coronavirus Bounce Back Loan was set up to help small and medium-sized businesses affected by coronavirus.

• The scheme is open for applications and cash will be released within days for eligible businesses.
• Businesses can borrow between £2,000 and £50,000.
• The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
• Loan terms will be up to 6 years.
• The government will work with lenders to agree a low rate of interest for the remaining period of the loan.
• The scheme will be delivered through a network of accredited lenders.

 

Find further guidance and application details on the Coronavirus Bounce Back Loan website.