Coronavirus government-backed lending schemes
To enable the continued provision of finance to UK businesses during the COVID-19 outbreak the UK government has introduced a number of lending schemes and additional supports.
Bounce Back Loan Scheme (BBLS)
Borrow between £2,000 & £50,000. Suitable for all business turnovers. There is no arrangement fee or guarantee premium. It is a fixed 6 year loan term.
Bounce Back Loan Scheme (Top Up)
The minimum amount of a Top-Up is £1,000 and you may only apply for a Top-Up once.
Bounce Back Loan Scheme (Pay As You Grow)
The Government has announced Pay As You Grow options for BBLS borrowers to help businesses get back to regular trading.
Coronavirus Business Interruption Scheme (CBILS)
Borrow between £50,001 & £5 million. Suitable for businesses with an annual turnover of up to £45 million.
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Borrow between £50,001 & £50 million. Suitable for businesses with an annual turnover of up to £45 million.