Open until 31 March 2021, the Governments’ Bounce Back Loan Scheme (BBLS) helped support businesses during the coronavirus pandemic, permitting firms to apply a minimum of £2,000, up to a maximum of £50,000, or 25% of business turnover whichever is the lower amount, repayable over either six or ten years, with the government paying the interest for the first 12 months to the lender.
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