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UK Government Bounce Back Loans Launch


The new loans aimed at smaller businesses launched today with a much quicker turnaround reported than for the larger Coronavirus Business Interruption Loan.
The bounce-back loans have a much simpler application process and are for businesses that have been negatively affected by Coronavirus.
Loans are available for between £2k and £50k up to a maximum 25% to turnover, there is no interest in the first year and no repayments also in the first year.
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