The Bounce Back Loan Scheme (BBLS)

What you need to know

On April 27th, following the criticism of the recently-introduced Coronavirus Business Interruption Loans Scheme (CBILS), the government announced the Bounce Back Loan Scheme (BBLS). Businesses will be able to borrow between £2,000 and £50,000, with an initial 12-month interest-free period. The cash can be accessed within days thanks to the finance fast track finance scheme. 

“Can this help my BUSINESS?”

The changes announced now mean that SMEs with a years’ trading history are now eligible to apply as long as they can demonstrate proof that their business will be able to repay the loan. Under the CBILS, government guarantees can be used to secure overdraft facilities, term and asset-backed loans, with an initial 12-month interest-free period.

    Contact the team today

    The team and I are offering free consultations for SMEs to ascertain their eligibility for the scheme and can also offer further support throughout the application process. If this is of interest to you, please fill out the form below and a member of our team will be in touch.

    Contact us on our emergency business hotline. We’re available if you need to speak about COVID-19 and your business during this unprecented time – 07383 876142

    Please note only company owners/directors will be eligible to apply.

      BBLS has been extended to 31st January 2021. If you already took out a Bounce Back Loan earlier this year, you will still be able to top up your loan.
      complete the form below to learn more. 

        Businesswoman. Entrepreneurial Coach. Diversity Coach. Diversity Ambassador. Motivation & Public Speaker.

        © 2020 Mavis Amankwah.
        All rights reserved.