The Treasury has announced that applications for the Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme and Coronavirus Large Business Interruption Loan Scheme will now be open until the end of January.
The extension, which carries support beyond the previous end point of November 30, also applies to the Future Fund, an initiative aimed at UK start-ups.
It was also confirmed that small businesses that already received funds through the BBLS programme – which offers firms cheap loans worth up to £50,000 – will also be able to top up existing loans if required.
The changes were confirmed after the Treasury convened an emergency meeting with Britain’s largest banks in order to review the terms of the Government-backed loan programme.
For help applying for an emergency loan, contact Tom Gooder
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