What was the Bounce Back Loan Scheme? The Bounce Back Loan Scheme (BBLS) was designed to support small and medium-sized businesses that were impacted by the Coronavirus situation and who were looking to borrow between £2,000 and £50,000. The Government guaranteed 100% of the loan but the customer remained liable for the entire loan UK has today launched the Bounce Back Loans Scheme to support small and medium-sized businesses who have been affected by coronavirus (COVID-19). Amanda Murphy, Head of Commercial Banking, HSBC UK said: “HSBC UK is committed to supporting UK businesses during these challenging times and have already provided customers with over £ billion in support to help them through this …13/11/2020 · Who Can Get the Loan? The bounce back loan scheme is for Limited Companies, sole traders and the self-employed established before the 1 March 2020 and impacted by COVID-19. How to Apply. You can apply using a simple one-page form through most major British Banks including: Natwest; Santander; Clydesdale; Barclays; HSBCTo meet demand among smaller firms for financial support, the Chancellor Rishi Sunak announced the launch of a new scheme providing a "simple, quick, easy solution for those in need of smaller loans" – the so-called Bounce Back Loans. Key features of the BBL scheme: You have until 31 March to apply06/05/2020 · Self employed and applied online with Lloyds and received an instant facility letter via email basically saying they are doing final checks etc. The Interest 'fee' isn't a fee, its telling you the first years interest and confirming you agree for the government to pay this under De Minimis aid and you haven't exceeded the De Minimis aid UK launches Bounce Back Loans to support small HSBC UK launches Bounce Back Loans to support small Bounce Back Loan scheme | Business Banking | Barclays[Withdrawn] Apply for a coronavirus Bounce Back Loan - ;· The scheme is open to applications until 31 March 2021. If you already have a Bounce Back Loan but borrowed less than you were entitled to, you can top up your existing loan to …01/04/2021 · Bounce back loans DON'T affect your eligibility for other Government personal support. You can still apply for a bounce back loan and get the self-employment income support grants, and you may still be eligible for universal credit. Bounce back loans can be used to repay existing finance. We've confirmed this with a number of individual lenders.
