Bounce Back Loan Scheme:Written question - 42992

Q
(Elmet and Rothwell)
Asked on: 04 May 2020
Treasury
Bounce Back Loan Scheme
Commons
To ask the Chancellor of the Exchequer, whether the Bounce Back Loan scheme will be made available to businesses that bank with Cash Plus and other online lenders and that cannot open new business accounts with high street lenders that have stopped accepting new customers.
A
Answered by: John Glen
Answered on: 13 May 2020

The new Bounce Back Loans Scheme (BBLS), launched 4 May, will ensure that the smallest businesses can access up to £50,000 loans in a matter of just days.

There are over 16 lenders that are offering loans under the scheme which can be found here: https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/current-accredited-lenders-and-partners/

Any lender that wishes to become accredited to offer Bounce Back Loans should contact the British Business Bank.

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