United Kingdom · Question · Written question
UIN 95992
Bounce Back Loan Scheme
Introduced
28 September 2020
Last action
6 October 2020 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
6 October 2020
Summary
To ask the Chancellor of the Exchequer, what support he has put in place for small businesses to access bounce back loans where their banking arrangements are solely with financial institutions that do not offer those loans.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
28 September 2020
Written question
To ask the Chancellor of the Exchequer, what support he has put in place for small businesses to access bounce back loans where their banking arrangements are solely with financial institutions that do not offer those loans.
Source: Commons
6 October 2020
Answer
The Bounce Back Loan Scheme (BBLS) was designed to ensure that the smallest businesses can access loans of up to £50,000, capped at 25% of firms’ turnover in a matter of just days. The Government is providing lenders with a 100% guarantee on each loan to ...
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/2020-09-28/95992
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1238246
- uk · wq-1238246 · source updated 6 October 2020