Bounce Back Loan Scheme (BBLS)
Unlock £2,000 to £50,000, depending on turnover
- For SMEs, micro businesses and other businesses
- No set-up fees and Government covers first 12 months of interest payments
- Term loan repaid over six years
- No repayments during the first 12 months
- From 6 February 2021, new Pay As You Grow options to support Bounce Back Loan borrowers to manage cashflow
Coronavirus Business Interruption Loan Scheme (CBILS)
Unlock up to £5m, depending on turnover
- For smaller businesses with a turnover of less than £45m
- Business loans, overdrafts, invoice finance and asset finance available
- First 12 months of interest and lender-levied fees covered
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Receive finance of up to £200m
- For larger businesses with a turnover of more than £45m
- Business loans, overdrafts, invoice finance and asset finance available
- Repayment terms of up to three years
Future Fund
Convertible loans from £250,000
- From £125,000 to £5m in government support
- Third-party investors must at least match government support, with no maximum investment limit
- Companies need to have previously raised £250,000 or more in equity investment
- The Future Fund scheme has now closed for new applicants
Pay As You Grow
Want more time and flexibility to pay back your Bounce Back Loan? Pay As You Grow is there to help you manage your cashflow and have a better chance of getting back to growth.
Find out more
