** They’re business loans, they should be used for the business.
** Relieve business of current pressing credit obligations and expenses.
** Purchase company resources or assets that the company needs to sustain itself or expand.
Bounce Back Loans are best used when you know that whatever you are paying for will allow the business to survive or expand. For example, only use it to pay for the office or premises rent when you know you will still occupy that space after the previous or current trade restrictions