For limited companies who can borrow up to 25% of the Annual Turnover & can borrow from £2,000 to £50,000. 100% backed by the government
The scheme is open to applications until 31st March 2021, which have also been extended by two months which was previously 31st January 2021
If you already have a bounce back loan but did not get what you entitled for, you can top up the previous loan you applied for, to the maximum amount.
You must request a top-up by the 31st January 2021
There aren’t any repayments due to first 12 months and is interest free.
Gov Funding 80%
The scheme helps small and medium size businesses
To apply you will need a business plan, cashflow forecast and historical accounts
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