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Watch UK Sets Up Government-Backed ‘Bounce Back’ Loan Scheme for Small Business News Video

Watch UK Sets Up Government-Backed ‘Bounce Back’ Loan Scheme for Small Business News Video

“…smaller businesses impacted by coronavirus are now able to apply for funding support of up to £50,000 via the Bounce Back Loan Scheme if certain eligibility criteria are met.

“What is it and how can I get hold of the money?

“The Bounce Back Loan Scheme (BBLS) provides lenders with a government-backed guarantee of 100% to offer loans of up to £50,000 to businesses across the UK that are losing revenue as a result of the COVID-19 outbreak.

“BBLS is administered by the British Business Bank and made available to businesses via accredited lenders. It is currently open until 4 November 2020.”

Read more at ICAEW

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