Bounce Back Loans (BBLs)are for UK incorporated companies that have been negatively been impacted by Coronavirus.

** The company should have been incorporated on or before 31 March 2020

** The bank will only establish if the company is not bankrupt or undergoing liquidation

** Applications can be done until 30 November 2020

** Payouts are made really quick as 25% of previous year turnover or estimated future turnover depending on circumstances.

** Repayments only start after 12months

** There are no set up fees

** Interest is fixed at 2.5%

** No personal guarantees required

BBLs are available if you bank with the major high street banks in the UK. Most online based banks do not have the facility