News from The Estates Office
Business News #18
The Government has announced The Bounce Back Loan Scheme, designed to help small and medium sized businesses borrow between £2,000-£50,000. Applications for the loan will launch on the 4th May, and the Government will guarantee 100% of the loan, with no fees or interest to pay for the first 12 months. The loans terms can be up to 6 years, with no repayments due during the first 12 months, and the government is working closely with lenders to agree low rates of interest for the remaining period.
Businesses will be eligible if they are:
- Based in the UK
- Have negatively been affected by coronavirus
- Were not “undertaking in difficulty” on 31st December 2019
You are unable to apply if you are already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS), however if you are already in receipt of CBILS under £50,000, you can arrange with your lender to transfer the loan over to the Bounce Back Scheme up until 4th November 2020.
Find out more about the scheme here> (opens in new tab)
Vacancies from The Estates Office
Business News #18
The Government has announced The Bounce Back Loan Scheme, designed to help small and medium sized businesses borrow between £2,000-£50,000. Applications for the loan will launch on the 4th May, and the Government will guarantee 100% of the loan, with no fees or interest to pay for the first 12 months. The loans terms can be up to 6 years, with no repayments due during the first 12 months, and the government is working closely with lenders to agree low rates of interest for the remaining period.
Businesses will be eligible if they are:
- Based in the UK
- Have negatively been affected by coronavirus
- Were not “undertaking in difficulty” on 31st December 2019
You are unable to apply if you are already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS), however if you are already in receipt of CBILS under £50,000, you can arrange with your lender to transfer the loan over to the Bounce Back Scheme up until 4th November 2020.
Find out more about the scheme here> (opens in new tab)
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