Bounce Back Loan Scheme

Key Points:

  • businesses will be able to borrow between £2,000 and £50,000 and access the cash within days
  • loans will be interest free for the first 12 months, and businesses can apply online through a short and simple form
  • Loan terms will be up to 6 years.
  • No repayments will be due during the first 12 months. 


The Government has announced a new 100% Government backed loan scheme for small businesses.

Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders.

The scheme will launch for applications on Monday 4 May. Businesses will be able to access these loans through a network of accredited lenders.

The government will work with lenders to ensure loans delivered through this scheme are advanced as quickly as possible and agree a low standardised level of interest for the remaining period of the loan.


You can apply for a loan if your business:

  • is based in the UK
  • has been negatively affected by coronavirus
  • was not an ‘undertaking in difficulty’ on 31 December 2019

  • The following businesses are not eligible to apply:

    • banks, insurers and reinsurers (but not insurance brokers
    • public-sector bodies
    • further-education establishments if they are grant-funded
    • state-funded primary and secondary schools
    • businesses already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS).

    More information about the scheme will be published shortly.

    Further details see:

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