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Government announced Bounce Back Loan scheme to help small and medium-sized businesses to borrow between \u00a32,000 and \u00a350,000. The government will guarantee 100% of the loan and there won\u2019t be any fees or interest to pay for the first 12 months. The Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan. The government will work with lenders to agree a low rate of interest for the remaining period of the loan, more details to be published by www.gov.uk soon.<\/p>\n
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The loans will be easy to apply for through a short, online application. The Government are suggesting that the loan should reach your business within days.<\/p>\n
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The following businesses are not eligible to apply :<\/p>\n
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You cannot apply if you\u2019re already claiming under the Coronavirus Business Interruption Loan Scheme (CBILS). If you\u2019ve already received a loan of up to \u00a350,000 under CBILS and would like to transfer it into the Bounce Back Loan scheme, you can arrange this with your lender until 4 November 2020.<\/p>\n
[\/et_pb_text][et_pb_text _builder_version=”4.4.3″ text_font=”Montserrat||||||||” text_font_size=”15px” text_line_height=”1.8em” header_4_font=”|600|||||||” header_4_line_height=”1.4em” custom_margin=”||0px||false|false” custom_padding=”||20px||false|false”]<\/p>\n
We hope this information helps you and we are here for you during this difficult time. We will continue to keep you updated as the Government releases new information. Our business contingency plan is in place and we will do everything we can to support our clients during this uncertain period, please do not hesitate to contact us here if you have any concerns or queries.<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
[et_pb_section fb_built=”1″ _builder_version=”4.4.3″ custom_padding=”0px||0px||false|false”][et_pb_row _builder_version=”4.4.3″][et_pb_column type=”4_4″ _builder_version=”4.4.3″][et_pb_text _builder_version=”4.4.3″ text_font=”Montserrat||||||||” text_line_height=”1.9em”] Government announced Bounce Back Loan scheme to help small and medium-sized businesses to borrow between \u00a32,000 and \u00a350,000. The government will guarantee 100% of the loan and there won\u2019t be any fees or interest to pay for the first 12 months. The Loan terms will […]<\/p>\n","protected":false},"author":1,"featured_media":630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=627"}],"version-history":[{"count":9,"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/627\/revisions"}],"predecessor-version":[{"id":852,"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/627\/revisions\/852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/media\/630"}],"wp:attachment":[{"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/a1accountancy.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}