Small business bounce back loans A new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders. Firms will be able to access these loans through a network of accredited lenders. Apply now.
Coronavirus Future Fund This scheme will issue convertible loans between £125,000 to £5 million to innovative companies which are facing financing difficulties due to the coronavirus outbreak. Future Fund information.
If you are either a small or medium sized business, you can access: The Coronavirus Business Interruption Loan Schemedelivered through the British Business Bank. If you are UK based and have a turnover of no more than £41m per year, you can apply for up to £5m of funding. • Some eligibility criteria can be found here. • A full list of participating lenders can be found here.
If you are a large business, you may be able to access: The Covid Corporate Financing Facility is a scheme for larger firms via the Bank of England. A Market Notice explains some of the detail of how the facility will work CCFF Market Notice. Application forms and pricing are available on the Bank of England's website.
Term Funding Scheme Banks and Building Societies can participate in the Bank of England’s Term Funding Scheme with additional incentives for SMEs TFSME. Companies can ask their funders about the implications for business lending.