Bounce Back Loans Repayments and Business Viability

Doshiaccountant04 Jan, 2022Business

Bounce back loans were a part of the pandemic related reliefs that the UK government had introduced. The loans were offered so that small businesses could access emergency funds faster than the normal routes of borrowing with sums between ?2,000 and ?50,000. These loans could then be used when paying wages of the staff or other business expenses like rent, heat and light bills or business rates.