Emergency measures, including business grants, tax deferrals, and the job retention scheme, are already helping hundreds of thousands of small businesses weather the impact of Coronavirus – but many need cash injections to keep operating.
The Government’s Bounce Back Loan Scheme is now live and enables small businesses to borrow up to £50,000 and access the cash within days. These loans are easy to apply for, with just seven questions on the form. They are 100 percent government-backed and will be interest free for 12 months.
This will offer additional protection to small firms, helping them get the finance they need so they can keep operating, protect jobs and incomes, and bounce back from this crisis.