Bounce Back Loans and Coronavirus Business Interruption Loan Scheme 

Bounce Back Loans

The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

The scheme has been extended and is now open to applications until 31 January 2021.

Click here for more details on Coronavirus Bounce Back Loans

Coronavirus Business Interruption Loan Scheme 

The scheme helps small and medium-sized businesses to access loans and other kinds of finance up to £5 million. The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 months.

The scheme has been extended and is open until 31 January 2021.

Click here for more details on the Coronavirus Business Interruption Loan Scheme

If you have any questions on the above then please contact us on the details below

(E) enquiries@advaloremgroup.uk or (T) 01908 219100 (W) advaloremgroup.uk