UK unveils 100% state-backed 'Bounce Back Loan Scheme' for small businesses
- Posted By
10Pointer
- Categories
World Affairs
- Published
28th Apr, 2020
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- United Kingdom's Finance Minister has unveiled a 100 per cent state-backed 'Bounce Back Loan Scheme' for the small businesses to help them tide through the coronavirus pandemic lockdown.
- The new fast-track finance scheme, would help bolster the existing package of support available to crisis-hit UK businesses.
- Under the scheme, qualifying small businesses can apply online to borrow between 2,000 pounds and 50,000 pounds as interest-free loans for the first 12 months.
