During the height of the Coronavirus pandemic, the UK government introduced the Bounce Back Loan Scheme to ease the damage felt by businesses. While certainly effective at offering struggling companies a lifeline, the vast majority of these companies are now required to repay their Bounce Back Loan. As the economic effects of the pandemic were…
Read MoreBounce Back Loans were introduced by the UK government as a means to support companies struggling through the worst of the Coronavirus pandemic. They were implemented as part of the Bounce Back Loan Scheme (BBLS), and although they were intended to provide companies with financial assistance, they were ultimately still a loan. For the vast…
Read MoreThe UK government implemented the Bounce Back Loan Scheme to assist companies enduring the economic effects of the Coronavirus pandemic. The scheme aimed to provide financial assistance to companies hit particularly hard, acting as a safety net to get companies through the worst of it. However, though useful at the time, repayment for these loans…
Read MoreAlthough Bounce Back Loans were incredibly useful for many companies during the height of the Coronavirus pandemic, they were not a financial cure-all. Some companies were able to use Bounce Back Loans to keep afloat, while for others, they simply weren’t enough. If your company falls into the latter category, and is struggling to repay…
Read MoreTo aid companies during the height of the Coronavirus pandemic, the UK government introduced Bounce Back Loans to supplement their finances. The loan could be used for a variety of reasons, as long as it was for the benefit of the company – as opposed to being used for a director’s personal expenditure. However, a…
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