On Monday, the 4th May a new Bounce Back Loan scheme to help small and medium-sized businesses will be launched. The new finance will be available based on 25% of turnover, capped at £50k and with a 24hr turnaround.

The loans will be 100% guaranteed by the government and there will not be any fees, interest or repayments for the first year. The loans are available to any UK based business who have been negatively affected by the coronavirus and were not in financial difficulty as of the 31st December 19.

This link will take you to the gov.uk website and explains who can and cannot apply.