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Bounce Back Loan Scheme

Supporting UK businesses during coronavirus, the Bounce Back Loan Scheme is now closed.

Greater flexibility with repayments – Pay as You Grow

Businesses that took out government-backed Bounce Back Loans to get through Covid-19 have greater flexibility to repay their loans.

Lenders continue to inform their customers about PAYG directly and will advise customers about how their repayment options may change according to their choices under the scheme. Borrowers remain responsible for repaying their Bounce Back Loan and fully liable for the debt.

Pay As You Grow (PAYG) enables businesses who are repaying their Bounce Back Loans to:

In the first instance, businesses who have concerns regarding repaying debt should contact their lender. In addition, the British Business Bank has a range of guidance and resources available to all businesses, including content on managing your cashflow and a list of independent advice services.
Finance Hub

Designed to simplify the complexities of business finance, the Finance Hub is a comprehensive online resource that empowers businesses of all sizes, from start-ups to established companies, offering a diverse range of information and resources to navigate the world of finance. It serves as a centralised hub where you can find independent and impartial guides, checklists, and articles, carefully curated to provide you with the knowledge needed to make informed financial decisions for your business.