Visit our Covid-19 Guidance Hub Click here
Originally announced by the Chancellor on 27 April, the Bounce Back Loan Scheme (BBLS) opened for applications on 4th May. This microloan is to help small and medium sized businesses struggling to obtain other sources of Government backed funding. The scheme will be delivered by lenders accredited by the British Business Bank and will provide loans from £2,000 up to 25% of the business’ annual turnover with a maximum loan of £50,000.
If you have any questions at all on the above guidance please contact Simon Michaels, CEO of HW Fisher Business Solutions. If you are applying for the loan, Simon can also help prepare management accounts and cash flow forecasts to assist in the application process.
4 May 2020
The information contained in this guidance has been obtained from public sources and every attempt has been made to ensure its accuracy at the date of publication. In this ever changing environment, this information is subject to change and we will not accept liability for losses arising from changes in the law or the interpretation thereof.