The UK economy saw a great deal of upheaval in 2020, with much of it being connected to the Coronavirus pandemic. As a response, the government implemented a series of policies and initiatives to help ease the problems that both businesses and members of the public were facing. One such example is the Bounce Back…
Read MoreBounce Back Loans were implemented to relieve some of the financial strain faced by companies during the height of the Coronavirus pandemic. For some, this goal was achieved, giving them much-needed capital to stay afloat. For others, the loan was simply not enough to cover the dramatic drop in commercial activity they suffered. The economic…
Read MoreThe U.K. government introduced Bounce Back Loans as part of the Bounce Back Loan Scheme. These loans came as a response to the economic impact of the Coronavirus pandemic, and aimed to support small and medium companies through the worst of it, to varying levels of success. However, although the government guaranteed Bounce Back Loans,…
Read MoreDuring the height of the Coronavirus pandemic, the U.K. government introduced Bounce Back Loans as a means to keep companies afloat. These loans gave struggling companies a much-needed injection of capital, allowing them to purchase stock, maintain key equipment, and keep employees on the payroll. In theory, this would ensure that companies hit particularly hard…
Read MoreDuring 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…
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