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COVID-19 business loan support statistics

COVID-19 business loan support statistics

HM Treasury has published its weekly update (to close of business on 7 June 2020) on COVID-19 lending schemes designed to support businesses impacted by the pandemic.

Low interest rate for Bounce Back Loans

Low interest rate for Bounce Back Loans

The Bounce Back Loans scheme first announced by the Chancellor, Rishi Sunak, in late April was launched on 4 May 2020. The new scheme allows small businesses to borrow between £2,000 and £50,000 and access the cash in most cases within 24 hours of approval.