Skip to main content
HOMEPAGE ADVERTS
HOMEPAGE ADVERTS
News
04 May 20201 minute read

Bounce Back loan scheme launches today

ECAtoday
Bounce Back loan scheme launches today

Applications to the Government’s ‘Bounce Back’ loan scheme opened today.

The loans, which can range from £2,000 to £50,000, are interest and payment free for the first year with rates of 2.5 per cent interest thereafter.

The scheme is designed to help smaller businesses cope with the challenges of the coronavirus crisis. The loans are quicker and easier to apply for than the Coronavirus Business Interruption Loan Scheme (CBILS), which is designed to provide loans of up to £5m for companies with a turnover of less than £45m.

HOMEPAGE ADVERTS

Are you up to date with ECAtoday magazine?

ECAtoday is the official magazine of ECA and reaches thousands of people within the electrotechnical and engineering services industry. To receive your print copy of the magazine, click 'Subscribe to Print' and provide a suitable mailing address.