Coronavirus Bounce Back Loans Scheme (CBBLS)

The Coronavirus Bounce Back Loan Scheme (CBBLS) has been launched today to help businesses impacted by Covid-19 and the subsequent lock-down that’s been in place since March 23rd. The scheme is available though a number of High Street Banks, is 100% underwritten by the Government, free of interest for the first 12 months with a low follow on rate of 2.5% being charged thereafter. Importantly, it’s a simplified application process with minimal underwriting.

Loans of £2,000 – £50,000 can be applied for, up to a maximum of 25% of turnover. No early repayment penalties apply, giving businesses the ability to repay at any point.

To see if your business is eligible click on the following link for more information. https://bit.ly/CBBLScheme

For further information on the schemes and support available to you and your business, check out the UK governments dedicated web pages;

https://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19

We continuing to help individuals and businesses through these troubling times and can be contacted on 01132 555762 or via our website at www.brookefinancial.co.uk

© Copyright - Brooke Financial 2017
Brooke Financial is a trading name of Ideal Money Solutions ltd. Ideal Money Solutions Ltd is an appointed representative of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. www.fca.org.uk. Our registration number is 429304. Our registered address is Suite 7, 2nd Floor, West 44 Richardshaw Lane, Pudsey, Leeds, LS28 7UR.

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