The Bounce Back Loan Scheme (BBLS) provides financial support to businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak and that can benefit from £50,000 or less in finance.
The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
You can apply for a loan if your business:
The following businesses are not eligible to apply:
You cannot apply if you're already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS), however, if you have received a loan through CBILS you can transfer it to the Bounce Back scheme.
Loans are available through a number of lenders including: Danske Bank, Santander, Ulster Bank and Barclays.
Businesses should apply directly through a lender.
This page was last updated 4 May 2020
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