Loan Schemes

Coronavirus Bounce Back Loan 

For small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The loan is 100% guaranteed by the government and there is no interest to pay for the first year, after a year the interest rate will be 2.5%.

Your business must meet the following criteria:
- is based in the UK.
- was established before 1 March 2020.
- has been adversely impacted by the coronavirus.

Find a lender through the British Business Bank here

Coronavirus Business Interruption Loan Scheme

Available to SMEs who may be able to apply for a temporary loan, overdraft, invoice finance and asset finance of up to £5 million, for up to 6 years.

You may also be eligible for Business Interruption Payment to cover the first 12 months of interest payments and any lender fees. The government will give lenders 80% guarantee on each loan (subject to pre-lender cap on claims).

Your business must meet the following criteria: 
- Your business is UK-based, with a turnover of no more than £45 million per year.
- You have a borrowing proposal which would be considered viable by the lender, if not for the current pandemic.
- You can self-certify that coronavirus (COVID‑19) has adversely impacted your business.

Find a lender through the British Business Bank here

The Let's Do Business Group are also an accredited delivery partner of the scheme, find out more here