Yesterday, the Government announced the ‘Bounce Back Loans Scheme’ – a 100 per cent government-backed loan scheme that enables small businesses to borrow up to £50,000 and access the cash within days.

The scheme has been designed to ensure that small firms who need vital cash injections to keep operating can get finance in a matter of days.

It will provide lenders with a 100 per cent guarantee for the loan – and pay any fees and interest for the first 12 months. No repayments will be due during the first 12 months.

Further information is available here:  https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan