How will the UK’s ‘bounce back’ loans work?

May 5, 2020 / Clarice Lucas-Hughes / Comments Off on How will the UK’s ‘bounce back’ loans work?

Small businesses hope the fast-track credit scheme known as ‘Bounce Back’ loan will be a lifeline. As of Monday 4th May, Small businesses in the UK can now apply for a new 100% state-backed loan worth up to £50,000, with no interest charged or repayments needed in the first 12 months, as part of the…

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