Government launches fast track loan scheme to help firms hit by impact of COVID-19


 

Small and medium sized hauliers hit by the impact of the COVID-19 pandemic can apply for a government-guaranteed loan of up to £50,000 from next week. Dubbed the Bounce Back Loan Scheme (BBLS), it will enable SMEs to borrow between £2,000 and £50,000 over a six-year period, with no fees or interest to pay for the first 12 months. This new scheme, which has a 100% government-backed guarantee for lenders, is seen as a faster way to access money than […]