New Loan Scheme for Small Business, Opens 4th May

Bounce Back Loans is a new finance offer for small businesses, with 100% government-backing. The scheme is open for applications from 4th May, and businesses can apply online to borrow from £2,000 to £50,000. The funding should be accessible within days of applying. Of course, the loans have to be repaid but they will be interest free for the first 12 months, with no repayments due during this time.