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United Kingdom · Question · Written question

UIN 71014

Bounce Back Loan Scheme

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

8 July 2020

Last action

17 July 2020 · Answer

Status

Answered

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Discovery layer

Source updated

17 July 2020

Summary

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the average time is between application and payment of Bounce Back Loans by banks to customers who (a) have an existing business bank account and (b) are new customers.

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Timeline

  1. 8 July 2020

    Written question

    To ask the Secretary of State for Business, Energy and Industrial Strategy, what the average time is between application and payment of Bounce Back Loans by banks to customers who (a) have an existing business bank account and (b) are new customers.

    Source: Commons

  2. 17 July 2020

    Answer

    The processing of applications under the Bounce Back Loan Scheme is fully delegated to the 26 accredited lenders. The length of time from application to payment will vary across each of these lenders. A number of factors, including whether or not a custom...

    Source: Written answer

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