Small businesses boosted by bounce back loans

On Monday 27 April Rishi Sunak announced the new Bounce Back Loan Scheme. Small businesses will benefit from the new fast-track finance scheme, providing loans with a 100% government-backed guarantee for lenders. If you are a smaller company who struggled to get a CBILS loan then this could be for you. For details of the announcement click on following links: Major Boost for Welsh SMEs as New Bounce Back Loans Announced Covid19 Bounce Back Loan Scheme– businesses will be able to borrow between £2,000 and £50,000– cash should be made available within days– loans will be interest free for the first 12 months– businesses can apply online through a […]