Request a callback

Callback Request

Please provide as much detail as possible in regards to the reason for your enquiry so our tax advisers can prepare and tailor their response to reflect your needs. We will endeavour to call you back to discuss your enquiry and you will not be charged for this time.

First name*

Surname*

Phone number*

Email address

Reason for your enquiry*

Anti-spam Question

I agree to be contacted by ETC Tax*

I agree to be contacted by ETC Tax

I understand how ETC Tax uses my data*

I understand how ETC Tax uses my data

This field is for validation purposes and should be left unchanged.

Sign-up to our newsletter

Newsletter Main Form

Request a callback

Contact Form

Please provide as much detail as possible in regards to the reason for your enquiry so our tax advisers can prepare and tailor their response to reflect your needs. We will endeavour to - respond / call you back - to discuss your enquiry and you will not be charged for this time.

First name*
Last name*
Email address*
Phone*

Reason for your enquiry*
Anti-spam Question*

I agree to be contacted by ETC Tax

I agree to be contacted by ETC Tax

I understand how ETC Tax uses my data*

I understand how ETC Tax uses my data

Name

This field is for validation purposes and should be left unchanged.

Bounce Back Loan Scheme

12 May 2020

Andy Wood

blog

Coronavirus

One of the latest Government initiatives to be launched to help businesses and their owners is the bounce back loan scheme (BBLS). The scheme is designed to allow provide quick access to funds for SMEs affected by the coronavirus situation. To apply for funding, a short form of seven questions needs to be completed online, with the funds then arriving a few days later.

The key features of the loan are:

Loan amount available of £2,000 up to 25% of the turnover of the business. With a maximum of £50,000.
Loan term is over 6 years.
No early repayment fees.
The Government will pay the first 12 months of fees and interest.
Rate of interest on the loan is 2.5%.
Lenders are not permitted to take personal guarantees.

If a business has already taken out a Coronavirus Business Interruption Loan of £50,000 or less, it can apply to have the loan switched over to this new scheme.

Lovin’ this article, but need more advice on your tax affairs?

Get in touch today.

Request a callback

Get in touch with us today

Call or email us any time or, simply fill out the contact form below and a member of our team will be in touch.

Contact Form

Please provide as much detail as possible in regards to the reason for your enquiry so our tax advisers can prepare and tailor their response to reflect your needs. We will endeavour to - respond / call you back - to discuss your enquiry and you will not be charged for this time.

First name*
Last name*
Email address*
Phone*

Reason for your enquiry*
Anti-spam Question*

I agree to be contacted by ETC Tax

I agree to be contacted by ETC Tax

I understand how ETC Tax uses my data*

I understand how ETC Tax uses my data

This field is for validation purposes and should be left unchanged.

Companies

Corporate/Business Tax

Property Tax

Tax Investigations

VAT Advice

Individuals

Private Client Tax

Crypto Tax

Property Tax

Tax Investigations

Professional Advisers

About

News & Blog

Careers

Search the ETC Tax Website

Request a callback

Callback Request

Sign-up to our newsletter

Newsletter Main Form

Request a callback

Contact Form

Bounce Back Loan Scheme

Share

Related Content

Get in touch with us today

Contact Form

Mon - Fri

Email

Cheshire Office

Midlands Office

London Office

Find us

Midlands Office

London Office