Apply for a Coronavirus Bounce Back Loan from 4th May – This scheme will help small and medium-sized businesses affected by Coronavirus (COVID-19) to apply for loans of up to £50,000.
•The Bounce Back Loan scheme will help businesses 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. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.
Bounce Back Loan Details Here