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Business Development

Are You Interested in Bounce Back Loan

Most demanding business loan in recent times!!!

  • if you are interested in a load application based on self employed status and /or company owner status want to get a $50,000 load. we can help
  • Please let us know if you are interested. we have a fee for the total process upon successful completation of the loan.
    Our fees is 5% of the total loan amount.
  • we have resent success applications from LLOyds, Barclays, Natwest, HSBC, TSB and Santander.
    We care looking for Starling, Metro and other bank soon.
  • Do not risk yourself of refusal and we can advise the best way forward.
  • If you are selfa employed and have a personal account or if you are a company owner with Business account or No account. Please contact us asap

The Bounce Back Loan Scheme (BBLS) is a new scheme designed to enable businesses to access finance more quickly during the coronavirus outbreak.

ABOUT THE SCHEME

The Bounce Back Loan Scheme (BBLS) provides financial support to businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak and that can benefit from £50,000 or less in finance.

The scheme is a part of a wider package of government support for UK businesses and employees. Read more at the Government’s Government Support website.

HOW IT WORKS

BBLS is available through a range of Government accredited lenders and partners, listed on the Government website.

A lender can provide a six-year term loan from £2,000 up to 25% of a business’ turnover. The maximum loan amount is £50,000.

The scheme gives the lender a full (100%) government-backed guarantee against the outstanding balance of the facility (both capital and interest).

KEY FEATURES OF THE SCHEME

Finance of up to £50,000

Loans range from £2,000 up to 25% of a business’ turnover. The maximum loan amount is £50,000.

Finance terms

The length of the loan is six years but early repayment is allowed, without early repayment fees.

No guarantee fees for businesses or lenders

There is no fee to access the scheme for either businesses or lenders.

Guarantee to the lender to encourage them to lend

The scheme provides the lender with a full (100%), government-backed guarantee against the outstanding balance of the finance (both capital and interest). The borrower remains 100% liable for the debt.

Affordable interest rate

The interest rate for the facility is set at 2.5% per annum, meaning businesses will all benefit from the same, affordable rate of interest.

Government pays interest and fees for 12 months

The Government will make a Business Interruption Payment (BIP) to cover the first 12 months of interest payments. The borrower does not have to make any repayments for the first 12 months.

Security

Lenders are not permitted to take personal guarantees or take recovery action over a borrower’s personal assets (such as their main home or personal vehicle).

INVITATION

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  • We help SME’s to raise finance.
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  • We introduce lenders to SME’s Secured and Unsecured FUnding.
  • We provide tailor-made solutions. not off-the-shelf quick answers.
  • We help with Business planning.
  • We provide Business Mentoring Services
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