Pay as You Grow option announced

What is the Coronavirus Bounce Back Loan Scheme?

The Bounce Back Loan Scheme enables smaller businesses to access finance more quickly during the Coronavirus outbreak. The Scheme helps small and medium-sized business to borrow between £2,000 and up to 25% of their turnover up to £50,000. The Bounce Back Loan scheme is open to applications until 31st March 2021, please click here for more details.

What is the update?

Bounce Back Loan borrowers will now have the option to tailor payments according to their individual circumstances with Pay as You Grow repayment flexibilities. To read more about Pay as You Grow please click here. .