Bounce Back Loans

The deadline for applying for a bounce back loan has been extended to 30th November 2020.

The government have also introduced a Pay As You Grow scheme, where payments can be extended so payments are made over 10 years.

There will also be an option to move to interest only repayments, for up to three six month periods or take one six month payment holiday. A business must have made six payments already to take the payment holiday.