If your business has been struggling during the COVID-19 pandemic, the government has support available up to a £50,000 interest free loan.
Many of ADACT’s customers have accessed the government’s Bounce Back Loan Scheme (BBLS) which allows smaller businesses quick access to finance during the coronavirus outbreak. It is designed for small and medium-sized businesses and allows them to borrow between £2,000 and up to 25% of their turnover (Up to a maximum of £50,000).
Your BBLS is guaranteed by the government and there are no fees or interest to pay for the first twelve months, after which interest is charged at just 2.5% a year.
Applications close on 1 April 2021 so you are advised to check your eligibility and apply as soon as you can. Read more at: www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan
