United Kingdom · Question · Written question
UIN 43690
Bounce Back Loan Scheme
Introduced
5 May 2020
Last action
15 May 2020 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
15 May 2020
Summary
To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure businesses who do not bank with a high street provider are able to apply for a Bounce Bank Loan.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
5 May 2020
Written question
To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure businesses who do not bank with a high street provider are able to apply for a Bounce Bank Loan.
Source: Commons
15 May 2020
Answer
Under the new Bounce Back Loan Scheme (BBLS), launched on 4 May, businesses can apply for a loan from £2,000 up to £50,000, capped at 25% of a firm’s turnover. The Government will cover the first 12 months of interest payments charged to the business by t...
Source: Written answer
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Sponsors
- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2020-05-05/43690
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1193205
- uk · wq-1193205 · source updated 15 May 2020