Bounce Back Loan Scheme (BBLS)

The Bounce Back Loan Scheme (BBLS) was designed to enable businesses to access finance more quickly during the coronavirus outbreak.

BBLS closed to new applications and applications for Top-ups, on 31 March 2021.

About the scheme

BBLS provided financial support to businesses across the UK that:

  • were losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak
  • could benefit from £50,000 or less in finance.

Pay As You Grow (PAYG)

Businesses that have taken out a Bounce Back Loan can use PAYG to help manage their cashflow to have a better chance of getting back to growth.

Find out more about Pay As You Grow.

How BBLS worked

BBLS was available through a range of accredited lenders and partners.

A lender could provide a six-year term loan from £2,000 up to 25% of a business’ turnover. The maximum loan amount was £50,000.

The scheme gave the lender a full (100%) government-backed guarantee against the outstanding balance of the facility (both capital and interest).

The borrower always remained fully liable for the debt.

View the BBLS FAQs for more details.