The Government has today announced a new scheme for those in need of smaller loans. Businesses can apply for the new Bounce Back Loans up to a maximum of £50,000, or 25% of turnover, with the government paying the interest for the first 12 months. The loans will be available from 9am next Monday and the Government will support lending by guaranteeing 100% of the loan.
For more details, please visit this link.
To learn more about how to access the various financial support schemes, please see the link here.
There is a BEIS Business Support Helpline for any queries: 0300 456 3565