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Definition
The Bounce Back Loan Scheme (BBLS) provided government-guaranteed loans of up to £50,000 to UK small businesses during the 2020 pandemic. The schemes are closed to new lending and borrowers are now in the repayment phase.
In plain terms
If your company took a Bounce Back Loan, it is ordinary company debt now due for repayment. Options like Pay As You Grow extended some terms.
Why it matters for your company
An outstanding BBL is a commitment lenders count when assessing affordability. If repayments strain cash flow, consider refinancing or a consolidation facility. Model it with the debt consolidation calculator.
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Refinancing
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Debt consolidation
Replacing several business debts with a single new facility, to simplify repayments and, where the terms are…
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Government-guaranteed loan
A government-guaranteed loan carries a state guarantee covering part of the lender's loss on default —…
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Term loan
A term loan is a fixed lump sum borrowed upfront and repaid over a set period in regular instalments of…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.