Coronavirus: Treasury rolls out small business ‘bounce back’ loans
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Businesses will be able to apply for loans of up to £50,000 from Monday in a scheme backed by the Treasury.
The new scheme, dubbed bounce back loans, will offer smaller amounts than the existing Coronavirus Business Interruption Loan Scheme (CBILS).
But the Treasury says they will be quicker and easier to apply for and will have a 2.5% interest rate.
The form will…
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