A quick reminder that the application process for the Bounce-back Loan Scheme opened YESTERDAY.   
 
The Bounce-back loan scheme offers small-medium size businesses:

• Loans from £2,000 up to 25% of turnover (capped at £50,000)
• No repayment fees or interest to pay for the first 12 months
• After 12 months interest charged at 2.5%
• Six year loan duration with no early repayment fee charged
• Application is straightforward 

The scheme gives lenders a 100% Government-backed guarantee against the outstanding balance of the facility (both capital and interest).
 
Click on this link, then click on ‘BBLS for businesses’ to see if your business is eligible.

If you have applied for a Coronavirus Business Interruption Loan (CBILS) unfortunately you will not be eligible for the above.
 
Do keep checking the Gov.uk website for the latest updates.