If you can’t pay a bounce back loan, contact your lender as soon as possible as you will offer you the option to postpone repayments for six months with a…

If you receive a Bounce Back Loan Demand Letter from the bank, it means that the bank is requesting that you pay back the full amount of the Bounce Back…

In recent months, the government’s Bounce Back Loan programme has come under fire for allegedly being misused by some businesses. The programme, which was introduced in May 2020, offers small…

What does happen if you default on a bounce back loan? The National Audit Office reported that a worrying number of businesses will default on the government backed loan scheme, which…

Yes, you can close your business if you have a bounce back loan. There are no specific guidelines on terminating a business with an outstanding bounce back loan, although the involved…

Corporation tax liability and Bounce Back Loans are two significant aspects of business finance that have garnered considerable attention and importance in recent years. Corporation tax liability refers to the…

No, using a Bounce Back Loan to pay dividends is generally not an appropriate or legal use of the loan funds.  Bounce Back Loans were specifically designed to provide financial…

No, you cannot write off a Bounce Back Loan. The Bounce Back Loan Scheme (BBLS) was introduced by the UK government in response to the COVID-19 pandemic to provide financial…

Deciding whether to repay a Bounce Back Loan over 6 or 10 years is a personal choice that depends on your financial situation and goals. Repaying the loan over 6…

Can a director lose their house due to a bounce back loan if you are unable to make repayment of enter any type of insolvency process, could you lose the…