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The government announced Pay As You Grow to support businesses with repaying their Bounce Back Loan.
Pay As You Grow gives you more time and flexibility to pay back your loan, should you need it.
We’ll email you when your options are available, there’s no need to contact us.
If you’re able to make your Bounce Back loan repayments as set out in your loan agreement, you don’t need to do anything. We’ll automatically start taking payments 13 months after we paid the loan into your account.
You can also pay back some or all of your loan early, with no early repayment charges.
Applications for the Bounce Back Loan Scheme, including any Top-Ups to existing loans, closed on 31 March 2021.
The successor scheme to the Recovery Loan Scheme, The Growth Guarantee Scheme (GGS) launched in July 2024 and is designed to support access to finance for UK small businesses as they look to invest and grow. Key features of the scheme are as follows:
We are a confirmed accredited lender of the government-backed Growth Guarantee Scheme.
If you require additional information about the scheme, please visit the British Business Bank website.
The Recovery Loan Scheme (RLS) launched in August 2022 and was designed to support access to finance for UK small businesses as they looked to invest and grow. Key features of the scheme were as follows. The scheme was available to businesses with a turnover of up to £45 million, for a term up to 6 years.
If you need support with your existing loan, please contact your Relationship Manager. If you don’t have a Relationship Manager, please call 0345 072 5555.
We are a confirmed accredited lender of the government-backed Recovery Loan Scheme.
If you require additional information about the scheme, please visit the British Business Bank website.
Applications for the Coronavirus Business Interruption Loan Scheme (CBILS) closed on 31 March 2021.
If you need support with your existing loan, please contact your Relationship Manager. If you don’t have a Relationship Manager, please call 0345 072 5555.
For more information about the Coronavirus Business Interruption Loan Scheme, please visit the British Business Bank website.
If you require additional information about the scheme, please visit the British Business Bank website.
Applications for the Coronavirus Large Business Interruption Loan Scheme (CLBILS) closed on 31 March 2021.
If you need support with your existing loan, please contact your Relationship Director.
For more information about the Coronavirus Large Business Interruption Loan Scheme, please visit the British Business Bank website.
If you require additional information about the scheme, please visit the British Business Bank website.
We explain what Asset Finance is, and how you can use it to finance vehicles or equipment that can help grow your operations.
To grow a resilient business that’s around for the long term, you must plan for sustainable growth. That means understanding the current situation and having a vision for the future.