The Bounce Back Loans Scheme goes live today. Below is a summary of who can apply, how to apply and further support that we can offer to help your business survive and grow coming out of the impacts of Covid-19.
Summary of the Bounce Back Loans Scheme
  • Up to £50,000 loan available to businesses established by 1st March 2020, wasn’t in financial trouble at 31st December 2019 and has been impacted financially by Covid-19
  • Up to 25% of annual turnover
  • Cannot be used in conjunction with CBILS (but CBILS that meet these terms can be converted over)
  • Government pays interest for first 12 months
  • No repayments in the first 12 months
  • Over 6 years at 2.5% p.a.
  • Early repayment is allowed, with no fees
  • There are no fees to set up the loan
  • Banks cannot ask for personal security
Application Process
  • Through approved lenders as per the site above.
  • Simple and easy form where you self certify
  • Apply via your own bank first if they are on the list
  • Apply online
As more info becomes available we will share it.
Other support we are offering at this time:

Free Workshops/Webinars: 


Book a free 121 coffee & chat coaching session email us and we’ll get it booked in.