Bounce back loans for small businesses

The Government has announced that a new loan scheme for small businesses affected by the coronavirus pandemic will launch for applications on Monday 4 May.

Firms will be able to access loans between £2,000 and £50,000 through a network of accredited lenders. These loans will be interest free for the first 12 months

The Government will provide lenders with a 100% guarantee for the loan and will pay any fees and interest for the first 12 months.

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