NOW LIVE - Bounce Back Loan Scheme

The Bounce Back loan scheme announced by the government last week is live as of today (4 May).

On review of the main bank websites this morning most have their application process up and running – those that don’t indicate this is due imminently, so please keep checking your bank’s website for updates if not currently live.

As a reminder, the main features of the loans include:

• Available up to £50k (capped at 25% of turnover)
• 100% government guarantee to lenders (therefore no need for personal guarantees)
• Maximum 6 year term
• Interest and capital repayment free for the first 12 months
• No fees on setup
• Interest rates capped at 2.5%
• Cash delivery within days

Please get in touch if you have any queries on the application process or if you need any help with information required and we’ll do all we can to help.

If you have any questions regarding this or anything else please get in touch, and for regular updates, announcements and news please check our website (www.dsaprospect.co.uk) and make sure you’re following our LinkedIn page: https://www.linkedin.com/company/dsa-prospect-ltd