Government Loan Schemes
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The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000. The scheme has been extended and is open to applications until 31 January 2021.
The government guarantees 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.
The scheme is being delivered through a network of accredited lenders and is open to applications until 31 January 2021.
For more information please see here. -
The temporary Coronavirus Business Interruption Loan Scheme offers SMEs access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years. The scheme has been extended and is open to applications until 31 January 2021.

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