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Category: Bounce Back Loan Scheme

BUILDING LEGACIES BRIEFING – 30/03/2021

Repayment of Coronavirus Business Interruption/Bounce Back Loans… And A Preview of A New Government Support Scheme Overview Several companies that took out loans under the Government-backed Coronavirus Business Interruption Loan Scheme (CBILS) or the Bounce Back Loan Scheme (BBLS) will now be approaching the end of their 12-month interest-free periods. They are, or will soon…
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COVID-19 BRIEFING FOR SME’S URGENT FINANCIAL INFORMATION UPDATE

Covering: New Self-Employment Income Support Scheme (New SEISS) Local Council Grants – Rules Relaxed Bounce Back Loan Scheme (BBLS) Reminder New Local Enterprise Partnership (LEP) Grants Now Available New Self-Employment Income Support Scheme (New SEISS) A new, additional grant scheme to help self-employed people opens on Monday 17th August. People can now apply for New…
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Newham Community Wealth Building Business Bulletin

Issue 3 of the Community Wealth Building Business Bulletin, is out from Newham Council, one of our Building Legacies programme borough partners. This issue features the results so far of their business survey, an update on government support grants and details of new schemes. Most importantly, it features the voices of business in Newham.

BOUNCE BACK LOAN SCHEME (BBLS) LAUNCHED TODAY

Last week we sent advance information on the new BBLS, which has officially launched today (Monday 4 May). The BBLS fast-tracks funding to SMEs with loans that carry a 100% Government-backed guarantee for lenders. The Government will also pay any fees and interest for the first 12 months (no repayments will need to be made within…
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NEW GOVERNMENT BOUNCE BACK LOAN SCHEME

Many small and micro businesses have had difficulty in accessing the CBILS support, often because lenders were unwilling to take on their 20% risk value (the Government agreed to cover 80% of the risk value) and in consequence have either been offered lower loans than requested – or have had their application rejected entirely. It…
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