Yesterday the Government announced a new scheme for those in need of smaller loans. Businesses can apply for the Bounce Back Loans up to a maximum of £50,000, or 25% turnover, with the Government paying the interest for the first 12 months.
The loans will be available from next Monday at 9am and the Government will support lending by guaranteeing 100% of the loan.
More information can be found here: https://www.gov.uk/government/news/small-businesses-boosted-by-bounce-back-loans
To learn more about the other financial support schemes, please click here: https://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19