The UK Government has announced a new Bounce Back Loans Scheme – a 100 per cent government-backed loan scheme that enables small businesses to borrow up to £50,000 and access the cash within days.
The scheme has been designed to ensure that small firms who need vital cash injections to keep operating can get finance in a matter of days. It will provide lenders with a 100 per cent guarantee for the loan – and pay any fees and interest for the first 12 months.
No repayments will be due during the first 12 months.
If you'd like any more information or have any questions please don't hesitate to contact my office.