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COVID-19 – Business Support – The Key Terms For The Bounce Back Loan Scheme Goes Live Today

Written by Jon Cooper

The Bounce Back Loan Scheme goes live today and the British Business Bank have published more detailed guidance.

The main eligibility criteria for a business are:

The key terms for the scheme itself are as follows:

For those businesses looking to access there scheme, the first port of call should be your current bank so long as they are on the British Business Bank accredited lenders list here.  All the main Hight Street banks are on this list.

However, you can apply to any lender on this list under the scheme.

We will continue to report any developments as they come through.  In the meantime, please email support@cooperfaure.co.uk if you have any questions or would like any other information.

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