GCBF is proud to be an accredited provider of Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loans (BBLS)

Now extended until 31st March 2021


Are you based in and trading from Greater Manchester and unable to access Bounce Back Loans through your current banking partner? 

We can help.

GC Business Finance is geared to support SMEs to unlock finance. Alongside the Greater Manchester Combined Authority (GMCA), we recognise that there's a gap in the market for those businesses who may not already be a client of existing Bounce Back providers. 

If you're looking to borrow between £2,000 and £50,000 and based in Greater Manchester then Bounce Back Loans could be for you. 

GMCA has allocated a limited £10m fund to specifically support those sole traders, entrepreneurs and business owners struggling to access Bounce Back Loans, choosing GCBF to deliver the service due to their fresh, digitally automated and uncomplicated approach as well as their access to wider business support services through the Growth Company. 

We anticipate high demand, supporting applicants on a first come first served basis, and expect the funds to be fully committed relatively quickly at which point the fund will close. 

Click here to see if your existing bank is a Bounce Back Loans provider.

Local finance for local businesses. 

Please note: you will be asked to evidence your Greater Manchester trading address and activity.

Apply Now

 What is the Bounce Back Loan Scheme? 

The Bounce Back Loan Scheme is a government initiative to support small and medium-sized businesses. The government provides lenders with a guarantee for 100% of the loan. 

GC Business Finance are supporting Greater Manchester-based businesses. 

Note: The guarantee is to the lender, not the borrower. The borrower always remains 100% liable for the debt. You can find out more information on the British Business Bank's website

Key Features 

  • Up to £50,000 loan: Loans will be from £2,000 up to 25% of a business’ turnover or £50,000, whichever is lower.
  • 100% guarantee: The scheme provides the lender with a government-backed, full guarantee (100%) against the outstanding facility balance, both capital and interest. The borrower always remains 100% liable for the debt.
  • Interest rate: The government has set the interest rate for this facility at 2.5% per annum, meaning businesses will all benefit from the same low rate of interest.
  • Interest paid by government for 12 months: The government will make a Business Interruption Payment to the lenders to cover the first 12 months of interest payable, so businesses will benefit from no upfront costs. 
  • No principal repayments for first 12 months: Borrowers will not have to begin principal repayments for the first 12 months, thereafter capital will be repaid on a straight line basis.
  • No guarantee fee for businesses or lenders to access the scheme.
  • Finance terms: The length of the loan is for six years but early repayment is allowed, without early repayment fees.
  • No personal guarantees: No personal guarantees are allowed, and no recovery action can be taken over a principal private residence or principal private vehicle. No personal guarantees are allowed, and no recovery action can be taken over a principal private residence or principal private vehicle.

Further information on our Bounce Back Loans can be found here. 

How to Apply

Our application process is easy. Simply click the 'Apply Now' button below. You'll be redirected to our portal where we'll ask you for a few more details which shouldn't take too much of your time. Once approved, we will arrange for the money to be transferred to you.  

Apply Now


You may be eligible if: 

  • You are a UK resident with a business or registered charity in Greater Manchester 
  • Your business was established before 1st March 2020 
  • You can certify your business has been impacted Coronavirus (COVID-19) 
  • You can certify the business is not in bankruptcy, liquidation or undergoing debt restructuring
  • Your business currently trades in Greater Manchester, proof of trading will be required

You may not be eligible if: 

  • You're a bank, insurer, re-insurer (but not insurance broker); public sector body; further education establishment; grant-funded or state-funded school
  • Your business is subject to collections or collective insolvency proceedings

For more information around the Bounce Back Loans Scheme or transferring and existing Coronavirus Business Interruption Loan (CBILs) to a Bounce Back Loan, please visit the British Business Bank website. 

The government has announced Pay As You Grow options for Bounce Back Loan borrowers to help businesses get back to regular trading. PAYG could give you more time and flexibility to pay back your loan. Pay As You Grow options will be available to you once you start to repay your Bounce Back Loan 12 months after it was first approved. Click here for more information.

Apply Now

How else can The Growth Company support you and your business?


By taking steps to diversify and expand your global market you are actively reducing risk and making your business more financially sustainable for the future. So wherever you are on your journey, from securing your first overseas sale to developing a strategy that will help you to grow and succeed, our international experts are on hand to help you. 

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