Boosting Our Economy - Celebrating Our Culture - Enhancing Our Children's Education

Boosting Our Economy - Celebrating Our Culture - Enhancing Our Children's Education

News & Events

Bounce Back Loan Scheme



Date Posted: May 4, 2020

The government has announced further details on “The Bounce Back Loan scheme” to help small and medium sized businesses. Key points are as follows:

  • The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000;
  • The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months; and
  • 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

Further details and information on how to apply can be found here – https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan

© 2024 Northern Ireland Screen. All Rights Reserved